EXCEPTIONAL INVESTMENT - BLOCK OF 4 "ART DECO" APARTMENTS
To be sold in one line...this is a rare opportunity to secure a low-maintenance block on 4 apartments in a prime location within an easy level stroll of the shops, cafes, restaurants and transport facilities of Neutral Bay Junction.This charming "Art Deco" block with classical features comprises 4x2 bedroom apartments, each unit with good kitchens and bathrooms.They all include off street parking with 2 lock-up garages and 2 allocated car spaces at the rear, along with a shared laundry facility and visitor car space.Internally, the apartments feature polished timber floors & fireplaces, with one unit also capturing views down to Sydney Harbour.Set in a quiet position only moments from parks, schools and other local amenities, this property affords a sound investment with enormous potential for increased returns and future capital gains.Land Area: 466sqm.Outgoings:Council $522.00 p/qWater $850.00 p/qInsurance $947.76 p/qLand Tax $13,070.65 p/aTenancy: All units are on expired leases with a current gross return of $87,620.Our estimated current market rental return would be in the order of $97,760 per annum.Price Guide: Bidding around $1.7 million.
Property Features
- Close to Schools
- Close to Shops
- Close to Transport
- Garages 4
- Secure Parking
Amenities
Bus Services
Ferry Services
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Location Neutral Bay
Known for its picturesque waterfront views, trendy cafes, and leafy streets, Neutral Bay provides a perfect balance of cosmopolitan lifestyle and suburban charm.
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