Substantial Block of Nine | First Time Offered To Market | $174,000 Annual Income
Ray White Commercial is pleased to offer for Auction Sale this substantial three storey block of nine apartments, each with a lock up garage.
Available for the first time since its construction, this impeccably maintained apartment block represents an outstanding investment opportunity within the increasingly popular Mortdale market.
The building showcases all the great hallmarks of c1970s design, with a solid double brick construction, generous interiors and balconies, plus wide setbacks across a large 923sqm approx. allotment.
Positioned to provide exceptional lifestyle convenience from a quiet tree lined street, it's just 650 metres to Mortdale Station, with the vibrant local shopping village even closer.
- Rare offering as part of deceased estate
- One of last remaining blocks in Mortdale
- 6 x 2 bedroom units
- 3 x 1 bedroom units
- 9 x lock up garage
- All have internal laundry & balcony
- Well presented, some with updated interiors
- Approximate rental $174,000 per annum, could be easily improved
Exceptional value add opportunity with potential to strata subdivide, and capitalize on this thriving suburban location, only metres to shops, bus and rail transport.
This property will be offered via Public Auction, Thursday 23 July 2020, commencing 6.30pm Ray White Double Bay Auction Rooms, 356 New South Head Road Double Bay .
For all inspections please contact:
Grant Whiteman
0418 244 566
gwhiteman@raywhite.com
Thomas Popple
0450 956 070
tpopple @raywhite.com
Available for the first time since its construction, this impeccably maintained apartment block represents an outstanding investment opportunity within the increasingly popular Mortdale market.
The building showcases all the great hallmarks of c1970s design, with a solid double brick construction, generous interiors and balconies, plus wide setbacks across a large 923sqm approx. allotment.
Positioned to provide exceptional lifestyle convenience from a quiet tree lined street, it's just 650 metres to Mortdale Station, with the vibrant local shopping village even closer.
- Rare offering as part of deceased estate
- One of last remaining blocks in Mortdale
- 6 x 2 bedroom units
- 3 x 1 bedroom units
- 9 x lock up garage
- All have internal laundry & balcony
- Well presented, some with updated interiors
- Approximate rental $174,000 per annum, could be easily improved
Exceptional value add opportunity with potential to strata subdivide, and capitalize on this thriving suburban location, only metres to shops, bus and rail transport.
This property will be offered via Public Auction, Thursday 23 July 2020, commencing 6.30pm Ray White Double Bay Auction Rooms, 356 New South Head Road Double Bay .
For all inspections please contact:
Grant Whiteman
0418 244 566
gwhiteman@raywhite.com
Thomas Popple
0450 956 070
tpopple @raywhite.com