Offered For Sale via Public Auction Croll Real Estate is pleased to present 268 Sailors Bay Road Northbridge, a rare opportunity to secure an immaculately presented fully-leased unit block investment in an affluent Lower North Shore location.

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