BLUE CHIP INVESTMENT – WHOLE BLOCK OF 4 X 2 BED UNITS – RANDWICK

AUCTION: SATURDAY 28 JULY 2018; 11:00AM

Contact the listing agent N G Farah from the link below for further details:
N G FARAH

RANDWICK

• Randwick is a suburb in eastern Sydney located 6km south east of the Sydney Central Business District
• Forms part of the Local Government Area of Randwick
• A sought after Eastern Suburbs location on the city fringe
• A huge economic driver, the main campus of The University of New South Wales is located in Kensington on Anzac Parade, directly adjacent to Randwick. The University has a population of approximately 55,000 students
• The Randwick Racecourse is a popular drawcard
• The Prince of Wales Hospital is located in Randwick
• Easy access to the Sydney CBD by bus services & the impending light rail
• The main commercial precinct is located along Belmore Rd
• Close by to Eastern Suburbs beaches such as Bondi, Coogee & Maroubra
• The population of Randwick is 29,986 (2016 census) with 51.7% of the population born in Australia
• Of the population not born in Australia, there is a predominant English & Irish population

YOUR OPPORTUNITY

• Prime Location in Randwick
• Whole Art Deco block of 4 units to be sold in one line
• 4 x 2 bed units
• 2 lock up garages with storage
• Gross Annual Income: $126,466.41 (approx.)
• Land size is 482sq.m (approx.)
• Your opportunity here is to keep the whole block. With this type of investment, the equity should grow rapidly over time if purchased at the right price as whole unit blocks are sought after properties
• Whole blocks of units are great for long term holds:
  1) You have full control of all the units. From the tenants, to maintenance such as cleaning & mowing of the lawns & every other aspect. Simply, you are the body corporate
  2) The rental yields are good, normally higher than the yields on houses
• Opportunity to add value through upgrades to the units
• Top location; walk to Randwick Shopping Village & The Spot
• Easy access to Coogee Beach & The University of New South Wales

The information shared with you on this site by Sydney Growth Properties Pty Ltd is general information only, and has not been prepared taking into account the individual circumstances of the person to whom it is given. Intending purchasers, before acting on any information should assess the suitability of any investments in any property in light of their own personal objectives, financial situation & needs. In preparing this information Sydney Growth Properties Pty Ltd has used resources to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. As always, you should obtain appropriate, qualified advice before making any investment decision, because all investments involve risk. The information is shared with you purely for the purpose of property investor education. It does not take into account your personal financial situation or needs.

CLICK ON THE LINK BELOW FOR THE CORE LOGIC REPORT: