Price Undisclosed
9 Bed • 4 Bath • 4 Car • 1068m²
New
Sold
Sold
12 Wallaby Street, Blackwall NSW 2256
Price Undisclosed
- 9Bed
- 4Bath
- 4 Car
- 1068m²
Block of Units Sold on Thu 30 Jun, 2016
What's around Wallaby Street
Block of Units description
“Fabulous 4 on 1,068m2 land”
To be sold in one line is this brick veneer complex of four units, occupying 1,068m2 prime R1 land in a quiet street, less than 5 minutes drive to Woy Woy Railway. You simply can't go wrong .
Very well maintained by the current, long standing owners, the property has a total potential rental return in excess of $63,000 per annum.
The property comprises of 3 x 2 bedroom units plus 1 x 3 bedroom unit with shared laundry facilities and detached single carport per unit. Current rental returns and summary per unit is as follows:
UNIT 1
* 3 bedrooms
* Spacious living
* Original kitchen
* Renovated bathroom with separate toilet
* Single carport
* Currently leased $340 per week
* Market rent $360 per week
UNIT 2
* 2 x bedrooms
* Renovated kitchen
* Original bathroom
* Single carport
* Currently vacant (for sale purposes)
* Market rent $280 per week
UNIT 3
* 2 x bedrooms
* Renovated kitchen
* Renovated bathroom
* Single carport
* Currently leased $250 per week
* Market rent $290 per week
UNIT 4
* 2 x bedrooms
* Renovated kitchen
* Renovated bathroom
* Single carport
* Currently leased $285 per week
* Market rent $290 per week
This is an outstanding opportunity for the astute investor to park their capital in bricks and mortar with amazing future upside. Further development potential (Subject to Council Approval) includes :
* Potentially strata title and sell off individually
* Add another unit, utilising the large site area
* Eventually redevelop - suitable for 3 large villas or 4 townhouses
Land details
What's around Wallaby Street
Contact the real estate agent
John Ienna
Ray White - Umina Beach
Send an enquiry
Nearby schools in and around Blackwall, NSW
Top reviews by locals of Blackwall, NSW 2256
Discover what it's like to live in Blackwall before you inspect or move.
Discussions in Blackwall, NSW
Wondering what the latest hot topics are in Blackwall, New South Wales?
Similar Block of Units for sale in Blackwall, NSW 2256
Properties for sale in nearby suburbs
- 9
- 4
- 4
- 1068m²