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WHOLE BLOCK OF UNITS – 6 APARTMENTS – UNIQUE INVESTMENT OPPORTUNITY – MOMENTS TO MAROUBRA BEACH – HILLSDALE

6 PODMORE PLACE,
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Overview

  • Updated On:
  • May 12, 2019
  • 10 Bedrooms
  • 6 Bathrooms
  • 6 Garages

FOR SALE – CONTACT AGENT:

Contact the listing agent from the link below for further details:
MINT360 PROPERTY RANDWICK


HILLSDALE:

  • Hillsdale is a suburb in the Eastern suburbs of Sydney located 6km south of the Sydney Central Business District
  • Forms part of the Bayside Council Local Government Area
  • Hillsdale has a shopping centre called Southpoint on Bunnerong Road, which is a high-rise mixed-use complex with commercial and residential space
  • Heffron Park, at 44 hectares it is the largest sporting reserve in Randwick City.
  • In close proximity to key economic drivers The University of New South Wales in Kensington & the Prince of Wales Hospital in Randwick
  • Adjacent to the popular Maroubra Beach
  • Westfield Eastgardens in the adjacent suburb is a large & popular shopping centre in the area
  • The population of Hillsdale is 5,501 (2016 census)

YOUR OPPORTUNITY

  • Whole block of units
  • 3 apartments on each floor
  • 2 x 1 bedroom & 4 x 2 bedroom apartments
  • 6 car spaces
  • Scope to update
  • Current Net Rent $120,640 pa (approx.( agent advice) with the opportunity to increase
  • R3 – Medium Density Residential Zoning
  • Land size is 575sq.m (approx.)
  • Walk to Southpoint Shopping Centre
  • Easy access to Westfield Eastgardens, Heffron Park & Maroubra Beach
  • 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: 6 PODMORE PLACE
State/County:
Zip: 2036
Country: Australia
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Property Id : 24025
Bedrooms: 10
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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