ALL OFFERS TO BE SUBMITTED BY 5PM WEDNESDAY AUG 16TH 2023
This block of 8 apartments, being sold in one line, is being offered to the market for the first time in over 20 years. With R4 zoning with possible development opportunity, with a 18m height limit and FSR of 1.7:1 on a 923sqm block, this property offers a great return and potential for growth.
Currently tenanted with a solid annual rental return of $141,440 with all 8 units currently rented, the block offers opportunity to increase returns. With 8 apartments - 4 x 2 bedroom, and 4 x 3 bedroom apartments and all with one bathroom, combined lounge and dining, bathroom and internal laundry, multiple car spaces, and in a prime location centrally located to Auburn train station, shopping centres, schools, and public transport.
Key features:
* Zoning - R4
* Height limit 18m
* FSR - 1.7:1
* Land size - 923sqm
* Frontage - 15.24m
This Block features:
* Current rent return - per year $141,440
* Yearly outgoings - Council rates - $7,411 // Water: $11,020
* 4 x 2 bedroom apartments // 4 x 3 bedroom apartments
* All apartments with one bathroom and laundry
* Combined lounge and dining areas
* Multiple car spaces on site
DISCLAIMER: Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our Vendors, and as such, Starr Partners Auburn makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.
