16 Ernest Street, Lakemba NSW 2195

An outstanding opportunity to suit the shrewd investor & a rare chance to purchase an entire full brick block of 6 x 2 bedroom apartments located on the sought after south side of Lakemba to be sold in one line & situated on approximately 670.3m2 approx land, well maintained & perfectly positioned in a quiet street only footsteps away from Lakemba station, vibrant Haldon Street shopping village/eateries, sought after schools & parkland.

* Building currently rented & returning $98,800 gross per annum (increasing to $101,660 gross as at 25/05/23) with potential for Strata subdivision (subject to Council approval)

* Well presented 2 bedroom apartments with high ceilings, spacious/functional floor plans, tranquil leafy aspects & bonus of 2 having balconies

* Majority of the kitchens & all bathrooms have been renovated, some with recent flooring updates, all have internal laundry provisions & car spaces

* R4 High Density zoning under Canterbury Bankstown Council, currently leased under market value with scope to improve the current yield with further increases

* Location & convenience doesn't get any better with all of the areas amenities, Bankstown Centro & Roselands Shopping Centre all within close proximity