Outstanding opportunity to acquire a boutique block of 6x2 bedroom plus sunroom apartments 3km’s from Sydney CBD.

First time offered in over 40 years, this once in a lifetime chance to own an entire block of flats in a quiet, leafy, parkside location in the heart of Glebe is too good to be missed.

Sitting securely on a large 480sqm parcel of land, this striking full brick building is comprised of six generous two bedroom apartments, each with their own sunroom and glorious period features. Five (5) individual lock up garages service the apartments with ample room to create further off street parking and increase returns.

To be sold in one line and currently boasting a $205,400.00 gross rental return for the current owner, this blue chip property investment will be quickly snapped up by developers, SMSF’s and savvy investors looking to add to their portfolio.

Scope to improve amenities and increase the already guaranteed rental returns and/or add further value by converting the complex to Strata title and take it to the next level! (STCA).

Easy walk to Glebe Point Road’s vibrant village heart, bus and light rail, Sydney University, UTS, Broadway shopping and the City.

Expressions of interest closing 20th December 2018 (If not sold prior)

Inspection Details: As advertised or by private appointment

Exclusive Agent: Mark Gavagna 0412 239 243(M)

12 6 5
Address 1 Woolley St
Price SOLD
Property Type residential
Property ID 37
Category Block Of Units
Land Area 480 m2

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Mark Gavagna

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