16 George Street, Marrickville NSW 2204

Absolutely fabulous opportunity. 4 apartments on one title. The property is in need of full renovation. Possible extension or redevelopment subject to council approval. 2 storey walk up with full brick construction and tile roof.

All 4 are currently leased on expired agreements returning $480 per week each. This can easily be increased with renovation.

Superbly located in a quiet street just around the corner from Marrickville Park. Close to shops and transport with light rail in less than 20mins walk.

The property comprises 4 x 2 bedroom flats each with combined lounge and dining rooms, kitchenette's, bathrooms and laundries.

The land measures approximately 430 square meters with a driveway to rear garden and plenty of space for off-street parking. Frontage approximately 11.735 metres.

Bring your imagination to improve this sound investment.

Gross annual return $99,840.00
Council rates $1026.00 per quarter
Water rates $976.00 per quarter
Land Value $1,910,000.00 (1/7/22)
Land 430sqm - Frontage 11.73m