Rare Opportunity to Secure an Entire Block of 8x2 Bedroom Apartments

SOLD - $3,333,000

An incredibly rare opportunity now exists to secure an excellent investment or development opportunity in a prime location. 8 x 2 bedroom units to be sold in one line, this boutique block offers fantastic renovation or rebuild potential (STCA) or simply keep it as a great investment. It's within walking distance of Berala Public school, Village shops, cafés, restaurants and train station.

- Solid double brick construction set on a 705sqm block (15.24m x 46.28m)
- R4 zoning, 1.7:1 floor space ratio, 18m build height
- Eight neatly presented units, each with two bedrooms
- Mixture of original and updated apartments throughout the block
- Well proportioned living zones lead out to balconies
- Good sized bedrooms, bathrooms offer separate bath and shower
- Undercover carports for all apartments on title
- Half of the apartments offer internal laundries, half with own separate laundries
- Great potential to renovate and add value to existing apartments
- Few minutes from Berala Public School, train station and shopping village
- Resides moments from local parklands and sporting facilities
- Close to TAFE NSW campus, golf clubs and leisure centres

Gross Annual Rental income: $130,000 per annum (approx.)

Water: $1750 p.q (approx.)
Council: $1722 p.q (approx.)

Inspection By Appointment

Contact

Greg Emerton Real Estate Agent

Greg Emerton

02 8789 0205

0405 126 064

Steven Devine Real Estate Agent

Steven Devine

02 8789 0217

0419 202 930

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Auction

Saturday 2 April at 4:00 pm

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