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DECEASED ESTATE – WHOLE BLOCK OF 8 UNITS ON 1 TITLE – WALK TO STATION – MANY OPTIONS TO INCREASE VALUE – WILEY PARK

51 CORNELIA STREET,
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Overview

  • Updated On:
  • July 1, 2019
  • 12 Bedrooms
  • 8 Bathrooms
  • 0 Garages

FOR SALE:

Contact the listing agent from the link below for further details:
KNAPTON REAL ESTATE


WILEY PARK

  • Wiley Park is a suburb in south western Sydney, located 17km south west of the Sydney Central Business District 
  • Forms part of the Canterbury – Bankstown Local Government Area 
  • Wiley Park Railway Station is located on the Bankstown line of the Sydney Trains network 
  • A small commercial strip is located on King Georges Rd adjacent to the station 
  • Shops, businesses and community facilities would be “revitalised” to capitalise on the rail project 
  • Wiley Park has easy access to Roselands Shopping Centre, Bankstown City, Belmore & Lakemba shopping & eatery precincts 
  • The population of Wiley Park is 10,126 (2016 census) 

YOUR OPPORTUNITY

  • Deceased Estate
  • Block of 8 units offered on 1 title
  • 4 x 2 bedroom units and 4 x 1 bedroom units
  • Gross Annual Income: $136,240.00 (agent advice)
  • All have eat-in-kitchens and internal laundries
  • Parking at the rear of the block (8 parking spots)
  • Land size is 789.74sqm, corner block (15.24 x 51.82) (approx.)
  • Walk to the station
  • 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 very 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 further upgrades to the units
  • Opportunity to strata title each unit (subject to council approval) & to sell them individually


CLICK ON THE LINK BELOW FOR THE CORE LOGIC REPORT:

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.

Documents
Address: 51 CORNELIA STREET
State/County:
Zip: 2195
Country: Australia
Open In Google Maps
Property Id : 25685
Bedrooms: 12
Bathrooms: 8
Car: 0
Other Features
attic
back yard
balcony
basketball court
concierge
deck
doorman
fenced yard
fireplace
front yard
gas heat
gym
lake view
laundry
ocean view
pool
pound
private space
recreation
roof deck
sprinklers
storage
washer and dryer
wine cellar

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NICK KARAYANIS