Block of 10 studio apartments with off-street parking
The ultimate investment opportunity awaits with this solid two-storey block of 10 x studio apartments in a quiet residential enclave adjoining parks and only a short, level walk from the heart of the Dee Why town centre, Dee Why Beach, Long Reef Golf Course, City transport and the picturesque Long Reef headland walk, and only a short distance from Warringah Mall.This 1970's brick constructed building has been well maintained, and provides affordable accommodation in this highly desirable setting, with the added benefit of off-street car parking for most units. Nine of the ten apartments have been refurbushed in recent years and the property currently generates an income on a fully leased basis of approximately $215,540 per annum.The building includes common laundry facilities, and sits on a 708.2sqm block of land, zoned R3 medium density with a 12m height limit which may allow for further development (stca) at some future time.Below replacement value and a sensational buying opportunity & secure investment.Auction: Tuesday 17th October 2023 at 10.30am at 'Auctionworks' - 50 Margaret Street Sydney.Inspect: Tuesdays & Thursdays 10.30 - 11.00am or by prior appointment (A selection of units available for viewing)Details: David Buttel 0419 263 362Contact David to request an Information Memorandum and Auction Contract.
Property Features
- Uncovered Carspaces 9
Amenities
Bus Services
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