134 - 136 Falcon Street, Crows Nest

Sold

Two Blocks to be Sold in One Line

Owned by the same family for nearly 90 years, these two art deco blocks offer an outstanding investment or development opportunity to acquire a prime real estate holding in a sought after Lower North Shore location. The two buildings comprise a total of twelve, two-bedroom apartments with period features throughout and are ideally located in a coveted corner position. Situated on a substantial north facing parcel of land that includes a large established shared garden, all the apartments are currently tenanted providing on-going income.  The details of tenancies are available in the Block’s Information Memorandum.  Conveniently positioned just moments from Crows Nest and Neutral Bay Shopping Villages, North Sydney business district and express transport to Sydney CBD.  
  • Outstanding long-term investment or future potential development opportunity
  • Large north facing block. Approximately 1,100 sqm. (source: CoreLogic)
  • Block #134 comprises 3 floors of 2 apartments, #136 comprises 2 floors of 3 apartments
  • Each of the twelve two-bedroom apartments present renovation potential
  • Character features include picture rails, pressed ceilings and timber finishes
  • All apartments offer bright eat-in natural gas kitchens with ample storage
  • Spacious oversized master bedroom, some with large built-in wardrobes
  • Each with internal storage cupboards and bathroom with laundry facility
  • Moments to Crows Nest & the new Metro station currently under construction  
  • In a leafy parkland precinct with a plethora of lifestyle and leisure facilities
  • Walk to North Sydney business centre and express CBD transport routes


Approximate quarterly outgoings:
    Council rates: $1,852
    Water rates: $2,135
    TOTAL: $3,987 per quarter


Approximate land area: 1100 Square Metres

Solicitor: Paul Stamell, J H Stamell & Co : 9267 6976, Lvl 13, 307 Pitt St Sydney NSW 2000, jhstamell@bigpond.com

Click here to request a copy of the contract for this property

Please note we have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers/tenants must rely on their own enquiries in this regard. We will not accept any liability for any incorrect representation(s) claimed to be made that has not been confirmed in writing with the agent prior to the purchaser/tenant exchanging contracts.