BLOCK OF 6 UNITS ON 1024m2, OPPORTUNITY TO ACQUIRE A BLUE-CHIP INVESTMENT. POTENTIAL TO ADD VALUE

A rare opportunity for investors/developers/self-managed superannuation funds to secure a five-star investment in an Inner West hotspot. This boutique complex is situated in a desirable location for its close proximity to Lakemba station, shops, schools and only 16km to the Sydney CBD.

The potential is unlimited set on 1024m2 of land (approx.) and currently on a single title with potential for strata subdivision and the addition of more units (S.T.C.A). This is a solid building that has been well maintained and updated throughout.

Features include:
– 6 x 2 bedrooms all with balconies
– Modernised kitchens in 5 of the units
– Bright and spacious open-plan living areas
– Tiled bathrooms with bathtub
– Spacious laundry on each level
– 6 allocated car spaces and dedicated clothesline area
– Zoned R4 High Density Residential
– 750m to Lakemba station, 700m to Lakemba Woolworths
– GAR of $92,820 approx. with scope to increase future rental yield

A truly solid building with low maintenance common areas. Here is your chance to acquire a blue-chip investment with an immediate, secure income stream.

Council Rates: $1544.00 pq approx.
Water: $901.00 pq approx.
Building Insurance: $332.00 pq approx.
Electricity: $85.00 pq approx.

Address: 55 Macdonald Street, Lakemba NSW 2195
Auction: SOLD PRIOR TO AUCTION
Land Size: 14.93/14.834m x 69.037/69.266m = 1024.3m2 approx.
Zoning: R4 High Density Residential
Inspection: As advertised or by appointment
Details: Michael Sabongi 0448 419 008 / Jenny Nassour 9758 2744

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Property ID: 1170724