To be sold in one line…this is a rare opportunity to secure a low-maintenance block on 4 apartments in a prime location within an easy level stroll of the shops, cafes, restaurants and transport facilities of Neutral Bay Junction.

This charming “Art Deco” block with classical features comprises 4×2 bedroom apartments, each unit with good kitchens and bathrooms.

They all include off street parking with 2 lock-up garages and 2 allocated car spaces at the rear, along with a shared laundry facility and visitor car space.

Internally, the apartments feature polished timber floors and fireplaces, with one unit also capturing views down to Sydney Harbour.

Set in a quiet position only moments from parks, schools and other local amenities, this property affords a sound investment with enormous potential for increased returns and future capital gains.

Land Area: 466sqm.

Outgoings:
Council $522.00 p/q
Water $850.00 p/q
Insurance $947.76 p/q
Land Tax $13,070.65 p/a

Tenancy: All units are on expired leases with a current gross return of $87,620.
Our estimated current market rental return would be in the order of $97,760 per annum.

Price Guide: Bidding around $1.7 million.