Prime location on the corner of Ernest Street and Merlin Street, across from the Cammeray Golf Club. Entire block of 8 units, all under one title, in a popular and growing residential area. Potential to offer short term rentals and substantially increase the current rental income of $233,000. Future development potential with R4 high density residential zoning, no specified FSR and 12 metre height limit. Perfect opportunity to invest, strata or develop (STCA).

- Current rental income: $233,000 per annum*
- Recently renovated and fully furnished
- Opportunity to increase income through short term rentals
- 2 garages and 2 driveways on title (total of 4 parking spaces)
- Plenty of parking on Merlin Street
- R4 high density residential zoning
- No specified FSR and 12 metre height limit
- 8 x 1 bedroom units
- Prime corner location
- Invest, strata or develop

*Approx.