Presenting a rare investment opportunity, this entire block of 7 units (6 x 2-bedroom apartments, 1 x 3-bedroom apartment) is now available for sale. With a prime location in the heart of Rockdale, this property offers substantial development potential, solid rental returns, and a unique chance to secure a versatile real estate asset in a highly sought-after area.
Each apartment is well-maintained and offers spacious living areas, with secure parking options that cater to a variety of tenants, from young professionals to small families. Whether you're looking to hold and enjoy the current rental income or take advantage of future development potential, this property is ideal for astute investors.
Property Overview:
*6 x 2-bedroom apartments
*1 x 3-bedroom apartment
*3 lock-up garages
*3 additional car spaces
*Zoned R4 development potential (STCA)
*Land size: Approx. 460 sqm
*GAR: Approx. $200,000 per annum
*Close to local shops, schools, and public transport
*A short distance to Rockdale Train Station, shopping precinct, and major roadways
*Easy access to the beach, Brighton-Le-Sands, and major transport routes
Key Features:
*Development Potential: Zoned R4 for high-density residential use, this site offers a range of development opportunities, including the possibility of building multi-story
apartments (STCA).
*Prime Location: The property is located just minutes from Rockdale Train Station, which offers quick access to the CBD, and is within walking distance to Rockdale Plaza, local
parks, and schools.
*Well-Maintained Units: Each apartment offers modern finishes, well-sized rooms, and practical layouts with ample storage and parking options.
*Parking: In addition to the lock-up garages, there are 3 car spaces onsite, catering to the demand for parking in the area.
Rental Returns (approximate):
*6 x 2-bedroom
*1 x 3-bedroom
Council : $2878 p/annum
Water : $7800 p/annum
With strong rental demand in this area and excellent growth prospects, 40 Frederick Street is the perfect opportunity for investors seeking a stable income with the added benefit of development upside.
Don't miss out on this rare offering. Secure a premium investment with long-term potential in a thriving area that's close to everything Rockdale has to offer!
Contact us today to arrange an inspection and explore the future possibilities this property has to offer.
Property ID: #L33320649
