Positioned in one of the best and most central locations in Elizabeth Bay, is this fabulous and affordable 2 bedroom Art Deco apartment in the “Greenknowe” building. The property sits on the 3rd floor of this impeccably maintained block, and is well lit throughout the day, in addition to receiving great cross-ventilation. The layout of the property is highly desirable with spacious double bedrooms separated by a generous bathroom with full bath, adjacent to a hallway of plentiful storage. The open plan living, dining and kitchen area is both practical and desirable in an area so well serviced by cafes, restaurants and Sydneys best eateries. The building offers a common roof-top with drying lines, as well as an excellent laundry room. “Greenknowes” terrazzo-floored entrance and fantastic street-presence will make this apartment a joy to come home to. Realistically priced, this property will be the perfect 2 bedroom entry into the tightly-held Elizabeth Bay market for the first home buyer. The building is a highly desirable rental location and returns of around $560 per week present the ideal investment for an astute purchaser looking to be assured of generous yields and virtually no vacancy rates.

The Building:

The Elizabeth Bay landmark unrestricted company title building “Greenknowe” was built in 1929 and involves a hybrid of styles, including art deco, Moorish revival, and 1920s minimalist influences. “Greenknowe” was the first fully reinforced concrete building in Sydney. Greenknowe Ave was first named in 1909. Over the past 15 years, “Greenknowe” has been extensively restored and upgraded to meet contemporary fire safety and other standards. All efforts have been made to retain period architectural influences, but at the same time meet current requirements and expectations of comfortable apartment living. “Greenknowe” is largely owner occupied with a diverse range of occupants in terms of age and occupation. “Greenknowe” provides a safe and friendly environment, and engenders a pleasant community spirit amongst residents. (Source: The building’s own website.)

You can visit the building website on: www.greenknowe.com.au/index.html