20 Glebe Street, Randwick NSW 2031

A rare and prized opportunity with outstanding potential, this older-style complex of 14 apartments is peacefully located in a quiet cul-de-sac, just moments to beaches, village cafes and Randwick?s shopping amenities. It is well presented with some recent upgrades and all apartments are in great condition and fully tenanted. The building sits on a large block of land with a generous rear garden and offers fantastic scope to update, recreate or completely redevelop the site (STCA).

- 14 X one-bedroom apartments to be sold in one line, 6 w/ sunroom
- Large shared gardens and private lawns to the rear
- Excellent growth and rental scope, annual returns $333,200
- Lock-up garage, lower level laundries plus storage space
- Some units with elevated leafy outlooks from the upper levels
- Fresh interiors and updated kitchens with gas appliances
- Lots of possibilities to explore to further increase revenue stream
- Easy access to Bondi Junction?s transport and shopping hub

Outgoings
Council rates: $10,961.88 p/a
Water: $12,179.97 p/a

Insurancs: $5,600.00 p/a
Land tax: $23,694.67 p/a (based on a single holding basis)

Local Council
Randwick City Council
30 Frances Street
Randwick NSW 2031
Phone: 02 9399 0999
Fax: 02 9319 1510

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