Potential awaits the astute investor and developer, sure to be a highly desirable offering in an absolute prime Inner City location.

This block of 6 x 1 bedroom units is currently a fully tenanted investment and is to be sold in one line. The units are ready for a fresh contemporary fit-out for an immediate rental improvement and to further capitalize on the potential annual return.

Alternatively, a solid redevelopment project opportunity is on offer with an existing Development Approval for 3 ultra-modern Torrens Title Dwellings. The dwellings comprise 4 bedrooms, plus study / media rooms, 3.5 bathrooms, light well / void, carport for 1 car parking and sprawls over 3 levels.

- 6 self contained 1-bedroom units on a corner block with three frontages
- Ground floor units with courtyards, upper level units with balconies
- Generous open car parking area accommodating at least 5 car spaces on site
- Instant income stream with strong rental history and low vacancy
- Ideal long-term investment or individual resale opportunity after strata subdivision (STCA)
- Development opportunity available with existing DA
- Low maintenance common areas and grounds

Central to Redfern shops, Erskineville village, King Street Newtown, Eveleigh carriage works, the Grounds of Alexandria and an abundance of nearby retail factory warehouses. On the door step to Sydney’s CBD, it’s also close to efficient public transport, bus stops and Redfern train station, desirable schools & expansive green spaces.

This precinct is undergoing a massive face lift, nearby with the new Waterloo Metro train station currently under construction and the Australian Technology Park located in South Eveleigh which has been transformed into Sydney's newest Technology Hub and currently occupied by the CBA, you can rest assured the future revitalisation of the area will continue to grow resulting in soaring demand for housing.

Land Size 366.2sqm approx.
Council Rates: $ 1,081.60 per quarter approx.
Water Rates: $ 1,111.50 per quarter approx.
Current Gross Annual Rental Return $114,975.68

View strictly by appointment only.

Proudly marketed by - Julia Fanos 0419 299 783 & Andrew Fanos 0419 679 986

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own research and enquiries.