Auction 19/06/24
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28 Bando Road, Cronulla NSW 2230

Apartment
755

Entire Block

Capitalise on this incredibly rare opportunity to secure an entire boutique block of five renovated apartments, currently generating a very attractive short term holiday letting income, less than 350 metres* to one of Sydney's best beaches. The building presents the perfect opportunity to secure 5 strata titled apartments in one line and with the potential to later redevelop taking advantage of the high density zoning

High Points

Five strata titled apartments being sold in one line, only moments from beaches, shops and schools
1 x 3 bed apartment and 4 x 1 bed apartments
Site Area 575.4m² (approx.) Land dimensions 13.71m x 42.24m (approx.)
- Zoning R4 high density residential, 1.2:1 FSR
- Building Height Limit 16m
- Conveniently located on two street frontages
- Current income from the 1 bedroom apartments - $199,620 per annum (approx)
- Estimated income from letting all apartments out - $300,000 per annum (approx.)

For all your home loan needs please give the team at Highland Financial Services a call on 02 9523 2699 or visit www.highlandfinancialservices.com.au

Features include: Close to Schools,Close to Shops,Close to Transport,Investor

Inspections

Thursday, 20 Jun12:45pm - 1:15pm
Saturday, 22 Jun12:45pm - 1:15pm
Can't inspect in person?

Contact Mitchell Wynn to enquire about this property including alternatives to in-person inspections.

Auction

Wednesday 19 June, 5:30pm
Head Office

Key details

Bedrooms:
7
Bathrooms:
5
Garage Spaces:
5
Property type:
Apartment

Other Details

Lot:
CP
Plan Type:
SP
Plan:
2788
Legal description:
CP/SP2788
Highland Sutherland Shire and St George
Next Inspection:

Maps and area information

Block information
Legal description: CP/SP2788
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
13 Oct 2017
Sold
Highland Sutherland Shire and St George
Listed: 12/09/2017
Block size: 562m²
Transfer type: Full transfer

Cronulla suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
44 years
Population
17,899
Listing ID: 182544544. This listing has been viewed 7 times. It was first displayed on 23/05/2024 and last updated on 15/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.