2 Hollowforth Avenue, Neutral Bay
Block of 4 Flats - To Be Sold In One Line
Featuring four immaculately refurbished apartments and one of Sydney’s most sought-after settings, this boutique block presents a rare opportunity which astute investors should not miss.
Generously proportioned, the four apartments each offer two bedrooms with built-in wardrobes, including an oversized main with an adjoining sunroom/study. Each also incorporates a modern gas kitchen with a dishwasher, an updated bathroom with a bath, a concealed laundry with a washer/dryer and a stylish open-plan living and dining room. The block also offers two secure garages, additional off-street parking and an attractive communal garden.
Commanding a true blue chip location, the elegant two-level property stands in a tranquil street, just moments from Kurraba Ferry Wharf and a selection of scenic harbourside reserves. Recently renovated throughout, the block is ideal for those seeking a quality low-maintenance investment property with the potential for strong ongoing returns.
2010 Land value: $1,050,000
Approximate quarterly outgoings:
Council rates: $461
Water rates: $751
TOTAL: $1,212 per quarter
Tenancy Schedule
- Apartment 1: $515pw rent (below market rent) on expired lease
- Apartment 2: $500pw rent (below market rent) on expired lease
- Apartment 3: $510pw rent (below market rent) on expired lease
- Apartment 4: $410pw rent (below market rent) on expired lease
Estimated current market total rent: $109,761 pa / $2,105 p/w
Approximate land dimenions: 10.745m and 6.35m arc (frontage) - irregular/12.8m (rear) x 27.605 (southern boundary - left hand side facing property)/31.94m (northern boundary - right hand side facing property)
Approximate strata area: 17P (430m2)
Zoning: Residential B Zone. The land is NOT identified as containing a Heritage Item under Part 4 - Heritage Provisions of North Sydney Local Environmental Plan 2001. Please refer to 149 Certificate for full details of zoning etc. A copy of the contract containing the 149 Certificate can be downloaded from www.croll.com.au .
Solicitor: Mr Harry Papadopoulos, CMM Quay Legal Group : 9412 1322, Level 4, 815 Pacific Highway Chatswood NSW 2067, harry@cmmquaylegal.com.au
Park and ferry shots are location photos. Upstairs sunrooms are smaller and upstairs main bedrooms are larger than indicated on floor plan.
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