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DECEASED ESTATE – WHOLE UNIT BLOCK – 12 STUDIO APARTMENTS – WALK TO JUBILEE PARK LIGHT RAIL- MOMENTS TO CBD – GLEBE

20 ALEXANDRA ROAD,
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Overview

  • Updated On:
  • November 9, 2019

AUCTION: TUESDAY 10 SEPTEMBER 2019; 10:30AM

Contact the listing agent from the link below for further details:
CBRE


GLEBE

  • Glebe is a suburb in the Inner West of Sydney, located 3km south west from the Sydney Central Business District
  • Forms part of the City of Sydney Local Government Area
  • Blue Chip Suburb…..Blue Chip location….very sought after suburb on the city fringe
  • Glebe is surrounded by Blackwattle Bay & Rozelle Bay which are inlets of Sydney Harbour
  • Easy access by light rail, or bus to the Sydney CBD, Darling Harbour, University of Sydney, University of Technology Sydney, Royal Prince Alfred Hospital & the Broadway Shopping precinct at Ultimo
  • The retail precinct including specialty shops, hip cafes, bars, pubs & a plethora of cosmopolitan restaurants are lined up along Glebe Point Road
  • The population of Glebe is 11,532 (2016 census) with 57.4% of the population born in Australia. The other most common countries of birth were England & China

YOUR OPPORTUNITY

  • Deceased Estate
  • Whole unit block
  • 12 strata titled studio apartments
  • Land size is 411sq.m (approx.)
  • Strong value add potential through refurbishments
  • Potential gross income: $221,316 per annum (approximate – agent advice)
  • Adjacent to Jubilee Park and moments to the waterfront at Rozelle Bay
  • Short walk to Jubilee Park Light Rail Station with direct services to the city
  • Set to benefit from future developments and infrastructure of the Bays Precinct master plan
  • 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


EMAIL US FOR THE CORE LOGIC REPORT: https://www.sydneygrowthproperties.com.au/contact/

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.

Address: 20 ALEXANDRA ROAD
City:
State/County:
Zip: 2037
Country: Australia
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Property Id : 27183
Property Lot Size: 411.00 m2
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