10 Short Street, Forest Lodge NSW 2037

Enjoying an unbeatable setting that guarantees excellent rental desirability being so close to Sydney University, UTS, Glebe and the city, this block of ten apartments, to be sold in one line, represents an outstanding opportunity. The solid full brick, low rise security block spans over three levels incorporating ten studios each with their own kitchens and bathrooms. Some feature updated kitchens, bathrooms and flooring and all are currently fully tenanted. Providing immediate cash flow, the property holds ample scope to renovate, add value and increase its income generation potential. There is the possibility for some parking plus two common laundry areas. Tenants will appreciate its close proximity to Sydney University, bus services, Broadway shopping, the rail and UTS.

- Quiet pocket a street back from Parramatta Road
- Solid mid-century block, full brick and concrete
- 10 studios each with a full kitchen and bathroom
- Some of the apartments feature modern updates
- Income generation is currently $155,740pa with considerable scope to increase
- Long driveway with potential parking at the rear

Land size: 438sqm approx.

Council rates: $5,734 per annum, approx.
Water rates: $7,388 per annum, approx.
Communal electricity: $337 per annum, approx.