A unique opportunity to acquire this sturdy double brick block of 4 older style apartments to be sold in one line.
Sitting on a level 632sqm block it is conveniently located to Sydney University, Whiteley Park, Camperdown Park and an 8 minute walk to Stanmore train station and city transport.
- 4 x 2 bedroom + sunroom apartments all currently leased
- Neat kitchens with separate dining areas
- Semi sized layouts
- Original bathroom
- High ceilings
- Large level rear yard with 2 street frontage
- Spacious first floor terrace
- 2 x Lock up garages with entrance via Durham Lane
- Ideal for strata conversion STCA or long term hold Income:
Unit 1: $550pw = $28,678.60pa
Unit 2: $550pw = $28,678.60pa
Unit 3: $525pw = $27,375.00pa
Unit 4: $550pw = $28,678.60pa
Total rental return $113,410.80 per annum
Outgoings:
Council: $988.40pq = $3,953.60pa approx
Water: $743.32pq = $2,973.30pa approx
Total outgoings $6,926.90 per annum approx.
Land Size: 632sqm approx.
Inspect: Thursday and Saturday 12.30PM 1.15PM
Auction: Tuesday, 25th of August at 6.30pm
Venue: Crowne Plaza Coogee Beach, 242 Arden St, Coogee
Website: www.109SalisburyRdStanmore.com
Details: Martin Farah 0418 402 015 or David Yacoub 0449 165 732
