268 Sailors Bay Road, Northbridge
SECURE UNIT BLOCK INVESTMENT : 4 x 2 Bed Apartments With Parking
This two-storey character building comprises four charming 2-bedroom / 2-bathroom apartments, three private use car spaces accessible via Wagschall Lane at the rear, and benefits from its recent strata subdivision approval.
Recently renovated, the distinctive property retains attractive original features, with each apartment enjoying a versatile layout, high ornate ceilings, lead light windows, timber floors, a sunny north-facing main bedroom with built-in window seat, an open plan living and dining room, a gas eat-in kitchen, and a private laundry.
Demand for small, well-maintained metropolitan apartment block investments, particularly in prestige locations, remain hotly contested in the current market, especially given Sydney’s rental boom is unlikely to ease in the short-to-medium term.
- 411sqm rectangular site with dual 10m frontages
- Secure well-maintained building and grounds
- Recently approved for strata subdivision
- Comparative low outgoings, no Capex required
- 4 apartments fully-leased with long-term tenants
- Rental reversion potential
- Leafy tranquil outlook in highly-desirable location
- All apartments renovated with functional layouts
- Light-filled north-facing main bedrooms
- Dual access with off-street parking at rear
An impressive Information Memorandum document is available outlining:
- Executive summary
- Market commentary
- Comparable evidence
- Tenancy financials
- Floor and site plan
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.