Condos, townhouses & apts for sale, dishwasher, parking, washer dryer
Featuring four immaculately refurbished apartments and one of Sydney s most sought-after settings, this boutique block presents a rare opportunity which astute investors should not miss.
Generously proportioned, the four apartments each offer two bedrooms with built-in wardrobes, including an oversized main with an adjoining sunroom/study. Each also incorporates a modern gas kitchen with a dishwasher, an updated bathroom with a bath, a concealed laundry with a washer/dryer and a stylish open-plan living and dining room. The block also offers two secure garages, additional off-street parking and an attractive communal garden.
Commanding a true blue chip location, the elegant two-level property stands in a tranquil street, just moments from Kurraba Ferry Wharf and a selection of scenic harbourside reserves. Recently renovated throughout, the block is ideal for those seeking a quality low-maintenance investment property with the potential for strong ongoing returns.
The block has not been converted to strata. Accordingly there are no separate areas for each unit.
2010 land value: $1,050,000
Approximate annual outgoings: council $1,841 and water $3,001
Tenancy schedule:
Apartment 1 - $515 pw rent on an expired lease
Apartment 2 - $500 pw rent with lease expiring 5/10/10
Apartment 3 - $510 pw rent on an expired lease
Apartment 4 - $410 pw rent with lease expiring 19/6/10 - below market rent
Approximate total annual rent - $100,966
Estimated current market total annual rent - $110,000.
Approximate land dimensions: 10.745m and 6.35m arc (frontage) - irregular/12.8m (rear) x 27.605 (southern boundary - left hand side facing property)/31.94m (northern boundary - right hand side facing property)
Approximate land area: 17P (430m2)
Zoning: Residential B Zone. The land is NOT identified as containing a Heritage Item under Part 4 - Heritage Provisions of North Sydney Local Environmental Plan 2001. Please refer to 149 Certificate for full details of zoning etc. A copy of the contract containing the 149 Certificate can be downloaded from www.croll.com.au .
Auction: 10:30 am Tuesday 23rd February 2010, City Auction Centre, level 1, 55 Harrington Street, The Rocks
Inspect: Saturdays and Wednesdays 11:15 to 12 noon (unit 4 Saturdays only)
Details: Andrew Croll 0409 530 133 or XXXX@Croll.com.au
Solicitor: Cichero McLean & Menzies, 5/73 Albert Avenue, Chatswood 2067, p 9412 1322
A copy of the contract containing the 149 Certificate can be downloaded from www.croll.com.au .
Park and ferry shots are location photos.