30 Railway Parade, Mittagong NSW 2575

Presenting an exciting opportunity in a fabulously located Mittagong pocket, this Torren's Title 4-units apartment block could be your key to long-term financial freedom. Having been built at a time where quality was paramount, the block's solid brick construction has ensured it has stood the test of time and as such it presents extremely well. Comprising four substantially sized apartments, each apartment benefits from a balcony and a covered car space to the rear.

• Well-maintained apartment block of four spacious units, placed on a 1060sqm parcel
• The block comprises 2 x 2-bedroom apartments and 2 x 3-bedroom apartments, each with balconies and internal laundries
• 4 carport spaces are located to the rear, along with a good-sized lawn area
• Fantastic long-term investment opportunity and a solid financial plan for the future
• With Medium Density Residential zoning, the potential exists to redevelop (STCA)
• Conveniently located a short stroll to the train station and Mittagong's vast array of leisure and lifestyle amenities
• 120 meter (2 mins) walk to Mittagong train station
• Opportunity to convert to Strata title and re-sell individually
• Long-standing tenancies and low vacancy factor

Whether you're looking to secure your family's financial future, or exploring options to fund your retirement, the potential for passive income creation here is incredible and being Torren's Title also affords you management autonomy. Perhaps you're a developer who can see the benefit of capitalising on the great location on offer here. This is an opportunity that does not present itself often!

What really sets this fantastic property apart is its proximity to the heart of Mittagong Village. An ever-growing array of cafes, restaurants and boutique shops will all be within strolling distance, not to mention the ease of commuting with the train station nearby. The beautiful Lake Alexandra reserve is only a short distance away, as are the excellent walking trails of Mount Gibraltar.

Gross Annual Return currently - $79,560.00 approximately

Annual Outgoings
Water Rates - $5,555.00 approximately
Council Rates - $2,855.00 approximately
Insurance - $2,800.00
Management Fees - $3,840.00

** Please note photos have been digitally staged **