66 Ernest Street Crows Nest NSW 2065

CBRE, as the exclusive selling agent is pleased to present 66 Ernest Street, Crows Nest to the market.

The property presents an unrivalled opportunity to secure a rare freehold apartment block investment ideally located in Sydney's esteemed Lower North Shore.

66 Ernest Street, Crows Nest benefits from the following key attributes

- 15 apartments with private balconies plus 15 parking spaces
- Estimated market gross income of $400,000* per annum or significantly more if run as short term accommodation
- One of the last remaining freehold apartment blocks in Crows Nest
- Commanding 860.4sqm* corner land parcel with three expansive frontages to Ernest Street, Sophia Street & Ernest Lane
- Lifestyle walkable location in Sydney's Lower North Shore in proximity to the Crows Nest Metro Station, Royal North Shore Hospital & only 4km* to Sydney CBD
- Set to imminently benefit from potential uplift in planning controls from the state led Crows Nest Transport Oriented Development Program providing the opportunity for future redevelopment (STCA)**
- Multitude of potential value-add opportunities including short-term accommodation, refurbishment, strata-titling and redevelopment (STCA)**
- Set to benefit from the rapidly growing rental environment with a record low Sydney vacancy rate of 1.1%^

66 Ernest Street, Crows Nest will be offered for sale via Public Auction at AuctionWORKS on Tuesday the 28th of May, 2024 from 10:30am onwards.

For more information or to request access to the due diligence room, please contact the exclusive sales agent.

Approx*
Subject to council approval**
Sydney vacancy rate as at March 2024, SQM Research^