STRONG RETURNS NOW? YOUR DREAM HOME LATER?
You've just discovered a once-in-a-blue-moon opportunity. A block of three flats returning $220 to $250pw each. At 33 Sorrel St, you'll find well-kept apartments, AND a chance to land bank in order to build your dream home at a later stage.
Paddington land is an extremely scarce commodity these days. If you decide to go down the path of developing the block, the current owners have incredible architectural plans already drawn up for you (through renowned architects BVN - Shane Thompson). Just pick your own finishes. Easy.
The property certainly benefits from its superior location. Tenants are plentiful in highly desirable Paddington. As all astute purchasers know, land and location are the keys to buying property. On a 465m2 block, there's plenty of room for your visionary home to be constructed in the future.
33 Sorrel St ? a smart investment in a scarce commodity ? Paddington land.
Email Grant Turner for further full set of plans. grant.turner@raywhite.com
· Land size: 465M2
· 3 X one bedroom apartments, with separate garage and good returns
· Located in the heart of Paddington ? very few opportunities to buy 'buildable' land
· Keep as rental now, build later
· Perfect opportunity for investors, developers and those looking to build their dream home.
