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WHOLE BLOCK OF 4 UNITS – PRIME LOCATION – KINGSFORD

10 -12 STURT STREET,
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Overview

  • Updated On:
  • July 19, 2018
  • 9 Bedrooms
  • 6 Bathrooms
  • 6 Garages

AUCTION: TUESDAY 03 JULY; 6:00PM

Contact the listing agent N G Farah Real Estate – Kingsford from the link below for further details:
N G FARAH REAL ESTATE – KINGSFORD


KINGSFORD

  • Kingsford is a suburb in south – eastern Sydney located 7km 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 (adjacent suburb) on Anzac Parade. The University has a population of approximately 55,000 students
  • The Randwick Racecourse is directly adjacent to the University on Anzac Parade
  • The Prince of Wales Hospital is located in the adjacent suburb of Randwick
  • Easy access to the Sydney CBD by bus services & the impending light rail network
  • A sizeable main retail strip is located on Anzac Parade Kensington, & Kingsford it is also very close to the large Eastgardens Westfield Shopping Centre
  • Close by to Eastern Suburbs beaches such as Bondi, Coogee & Maroubra
  • The population of Kingsford is 15,482 (2016 census) with 36.1% of the population born in Australia, with a predominant Chinese population

YOUR OPPORTUNITY

  • Prime Location in Kingsford
  • Whole Art Deco block of 4 units to be sold in one line
  • 2 x 3 bed units
  • 1 x 2 bed unit
  • 1 x 1 bed unit
  • Gross Annual Income: $111,585
  • Land size is 614sq.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
  • Easy access to the University of NSW, cafes & eateries on Anzac Parade
  • Comparable: 42 Borrodale Rd Kingsford; Whole unit block, 6 x 2 bed units sold on 27 February 2018 for $6,520,000

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:

Documents
Address: 10 -12 STURT STREET
State/County:
Zip: 2032
Country: Australia
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Property Id : 19535
Bedrooms: 9
Bathrooms: 6
Car: 6
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