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32 Albert Street
Petersham NSW 2049
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Sold on 2 Aug 2023

32 Albert Street Petersham NSW 2049

  • Other
  • 363 m²
  • Sold, $4,550,000

Block of 8 x 1 bedroom apartments on a single title

    A beautifully restored period building comprising 8 x 1 bedroom apartments on a single title in one of the area's premier addresses. Built in the 1890s and enlarged mid 1900s, the current owners have meticulously restored and renovated the building and gardens over the past 20 years. The multi-unit residential building is fully leased with a combination of long and short term tenancies, with strong demand over 10 years.

    Highlights
    * Current passing income (annualised) $269k pa
    * 8 x 1 bedroom apartments. Single title
    * Prime corner position. Single lock up garage
    * 6 long term tenancies, 2 short term
    * Building is fire compliant, building to code
    * Development + strata subdivision approval
    * High standard apts. Strong rental history
    * Each apartment has storage in basement
    * Outstanding invest. asset, fully capitalised
    * $27,235 annual depreciation deduction

    BresicWhitney Inner East
    BresicWhitney Inner East
    Level 2/318 Liverpool St
    Darlinghurst, NSW 2010

    Property Highlights

    Date Sold2 Aug 2023
    Sold Price$4,550,000
    Floor Area363 m²
    Land Area647 m²
    Parking1 x Onsite parking
    Property ID2018622673
    Category
     Other
    Last updated  2 Aug 2023
    Map for 32 Albert Street Petersham NSW 2049
    BresicWhitney Inner East
    BresicWhitney Inner East
    Level 2/318 Liverpool St
    Darlinghurst, NSW 2010

    Property Highlights

    Date Sold2 Aug 2023
    Sold Price$4,550,000
    Floor Area363 m²
    Land Area647 m²
    Parking1 x Onsite parking
    Property ID2018622673
    Category
     Other
    Last updated  2 Aug 2023

    Listed by

    Shannan Whitney
    Shannan Whitney
    BresicWhitney Inner East
    Call
    0411 385 444

    Enquire about this property

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              More about 32 Albert Street Petersham NSW 2049

              32 Albert Street Petersham NSW 2049 is categorized as Other Property. It has a floor area of 363 m² and a land area of 647 m². There are 1 x onsite parkings.The listing ID for this property is 2018622673.

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