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Dominic D'Ettorre
&
Samuel Pacitto-Rusconi

D'Ettorre Real Estate

158-158a Flinders Street
Paddington NSW 2021

 

Auction at 1:30 pm on Sat, 8 Oct 2016

   
1 of 15 photos

PRIME INNER-CITY PADDINGTON INVESTMENT OPPORTUNITY

158-158a Flinders Street & 33 Seymour Place, Paddington

Beautifully preserved, charming character boutique block of 4 apartments, showroom/retail shop “CORIO” Circa 1920’s plus lock up garage

Step back in time with this magnificent boutique block spanning over 2 levels, featuring two street frontage via Flinders Street & Seymour Place.

Accommodating
3 x 1 bedroom apartments
1 x 2 bedroom apartment
1 x showroom/retail shop
1 x Large brick lockup garage Via Seymour Place

Each apartment enjoys classic character features through-out, including polished timber floors, high ornate ceilings, cedar doors and picture rails, the general condition of the block has been well maintained, each apartment has internal laundry facilities.

All apartments are consistently fully leased and showing strong proven rental returns.
33 Seymour Place, Paddington
Apartment 1. Ground floor 1 bedroom rented for $500.00 p/w 1 year lease commenced 11/06/16- 9/12/2016
Enjoys classic character features & exclusive tranquil garden court-yard.

Apartment 2. Ground floor 1 bedroom plus garage rented for $585.00 p/w 1 year lease commenced 19/12/15- 16/12/16 Includes character features through-out & sunny garden courtyard.

Apartment 3. First floor 1 bedroom rented for $525.00 p/w 1 year lease commenced 23/11/2015 – 20/11/2016
Features period features through-out and sunny East facing veranda.

158A Flinders Street, Paddington
Apartment 4. First floor 2 bedroom rented for $750.00 p/w lease 17/01/2016 – 14/01/2017
Showcasing impressive period features through-out with beautiful exposed polished cedar timber joinery and stunning polished parquetry timber floors and the classic ambience of yesteryear.

Retail shop/showroom. Well exposed ground floor, street access, fully self- contained with toilet and kitchenette.
Features soaring ornate ceilings with potential to erect mezzanine level, STCA Retail shop/showroom vacant, potential rent $500.00 per week

Apartments GAR $122,720
Showroom/retail $26,000
Combined GAR based on a fully let basis $148,720.00
Land size 272 sqm
Zoning R1 General Residential (Sydney Local Environment Plan 2012)
Dimensions 7.39/7.75 x 35.94/36.83

An outstanding prized solid investment opportunity in highly sought after Paddington, moments from Sydney’s premiere sporting arenas and the recreational benefits of Centennial Park enjoying 189 hectares’ of public parklands. Stroll to Oxford & Crown Street shops and Cafes and the convenience of major transport hubs, 10 minute walk to Central Station and the convenience of the upcoming light rail system all with in one’s reach.

Apartment 1 Includes exclusive garden area
Apartment 2 Includes garden Courtyard
Apartment 3 Includes Veranda
Apartment 4 Beautifully appointment and must be seen to be truly appreciated
The shop does not have Rear Pedestrian access.

Close to Centennial Parklands and 189 hectares of Public Space Paddington's best voted Café "Morris" within 100 meters of this property. Walk to City and Central Station in less than 10 mins.



Features include: Ensuite(s),Floorboards,Intercom,Internal Laundry,Separate Dining Room,Dishwasher,Ground floor,Garden / Courtyard,Balcony / Deck,Fully fenced,Secure parking,Ensuite

D'Ettorre Real Estate

Dominic D'Ettorre
Email
Samuel Pacitto-Rusconi
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5 5 1
Property Type: Apartment
Block Size: 272 m2 (approx)

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NOTE
Always verify block details with the agent or vendor. These maps are generated by cross referencing with our spatial information database, but this does not mean they will always correspond with the listed property. Measurements are estimates only.

Based on data provided under licence from PSMA Australia Limited (www.psma.com.au). © PSMA Australia 2016.

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Vital Statistics

Lot: 1
Plan Type: DP
Plan: 79694
Block Size: 272 m2 (approx)

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