Boutique Residential Unit Block Investment
Address
72 Albion Street, ANNANDALE NSW 2038
Size
Total Area: 330 m2
Details
I.B Property is pleased to present to 72 Albion Street, Annandale, a well-presented residential block investment opportunity.
The property features six fully leased one-bedroom apartments, generating a gross income of $165,032 per annum. This property offers potential for future enhancements and value-add opportunities through further renovations.
Each apartment showcases a similar layout, consisting of a spacious bedroom with a generous study, a separate kitchen and lounge area, and a well-proportioned bathroom. Preserving its Art Deco charm and distinctive features, the block includes two separate laundries and a secure storage area positioned at the rear of the building.
Situated in the highly sought-after area of Annandale, residents enjoy proximity to cafes, shops, and bus services to Sydney CBD.
Key Investment Highlights
– Fully leased with a gross income of $165,032 per annum*
– Generously sized 6 x one-bedroom apartments plus separate study
– Premium Inner West location close to cafes, shops and bus services to Sydney CBD
– Room to raise rents
– Potential to strata divide (STCA)
– Low maintenance Art Deco style residential block
– Land area 282sqm*
– Value add opportunities through further renovations (STCA)
72 Albion Street, Annandale is for sale via public treaty.
For more information or to register for the next inspection, please contact the exclusive listing agents.
