85 Gilderthorpe Avenue Randwick NSW 2031

CBRE as the exclusive listing agent is pleased to present 85 Gilderthorpe Avenue, Randwick to the market for the very first time. This recently renovated complex consists 12 apartments across two buildings configured as nine-two bedroom and three-one bedroom + study apartments with 12 lock up garages, double balconies, internal laundries, built in wardrobes, and all bathrooms are equipped with baths.

Furthermore, additional privacy is presented due to no common walls between apartments, the lush gardens are regularly landscaped, and the building is secured by an intercom system. Commanding an 874sqm* site area, the property is situated on a private and quiet street, bolstered by its proximity to prestigious schools, transport, shops, parks, beaches, and Sydney CBD (5km*).

85 Gilderthorpe Avenue, Randwick benefits from the following key attributes:

Total of 12 apartments consisting 9 x 2 bedroom and 1 x 3 bedroom + study units with 12 secure lock up garages
Full renovation completed as recently as 2010
Premium investment opportunity in Sydney's desired Eastern Suburbs and being presented to the market for the first time
Gross passing income of $401,500* per annum
Significant residential investment in Sydney's desired Eastern Suburbs
Positioned in a quiet, private street moments from transport, shops, prestigious schools, parks, beaches, and Sydney CBD
Strong rental demand in Randwick as 50% of the suburb's population are currently renting
Total Floor Area: 1082sqm* (inclusive of common areas and lock up garages)
Total Unit Area: 732sqm*
Strata titled, offering multiple use cases including selling down, occupying, or to hold for secure income stream
Zoned R3 Medium density Residential

85 Gilderthorpe Avenue, Randwick will be sold via an online Public Auction on Tuesday 3 August 2021 at 10:30am. (Registration, livestream & online bidding available)
Private inspection appointments will be undertaken

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

*Approx.