Ideal Investment Opportunity - An entire block of 6 x 2 bedroom apartments with lock up garages, offered in one line.
Auction Location: In Office Auction Room 763 Anzac Parade Maroubra
Sold at Auction by Michael Panto for an oustanding price. $410k over the reserve. We had 10 registered bidders and the rest would still like to buy a block in the area.
If thinking of selling please contact me on 0416 166 931 for a confidencial discussion.
Outstanding offering to acquire a whole block of apartments to be sold in one line - this ideal investment opportunity would suit astute investors, SMSF buyers or developers.
Presenting a well-maintained corner block of 6 x 2 bedroom apartments on approx. 495m2 of land. This well located, sought after block of solid double brick construction is fully leased and returning a total yearly income: $173,160. Potential for increased rental returns with minor improvements, or strata title and sell separately (S.T.C.A.).
Featuring An entire block offered in one line 6 x 2 bedroom apartments Modern kitchens, internal laundries Spacious living areas with balcony (1 unit has 2 balconies) 6 lock up garages. 1 storage garage. Approx. 495m2 of land.
Located within 6 kilometres south-east of the CBD and within walking distance of Westfield Eastgardens and South Point Shopping Centres, Heffron Park, transport and within a short drive to the beach, cafes, shops and restaurants. Easy access to UNSW, POW Hospital and Sydney Airport.
A perfect investment opportunity, these apartments offer an immediate income stream along with potential long term capital growth for astute investors.
Offering: 6 x 2 bed units. 12 beds, 6 bathrooms, 6 lock up garages, 1 storage garage. Land Size: 495 sqm Zoning: Medium Density Residential R3 Floor Space Ratio: 1:1 12 Metre Height Limits Corner of Rhodes Street and Brittain Crescent.
Inspect: by appointment only. Contact: Michael Panto 0416 166 931 to arrange access.
Auction: Tuesday 5th March at 6.30pm Venue: In rooms at Wentworth Partners 763 Anzac Parade Maroubra
Inspections
No open inspections scheduled.
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Contact Michael Panto to learn more about this property, request an inspection or take an online tour.
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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.
05 Mar 2024
Sold at auction
Wentworth Partners
$3,810,000
Contract: 05/03/2024
Listed: 05/02/2024
Days on market: 29
Block size: 495m²
Transfer type: Full transfer
04 Jan 2021
Sold
$0
Transfer: 04/01/2021
Block size: 493m²
Transfer type: Full transfer
04 Jan 2021
Sold
$0
Transfer: 04/01/2021
Block size: 493m²
Transfer type: Full transfer
Purpose: Residence
Hillsdale suburb information
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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.