4 Station Street, Mortdale NSW 2223

Auction In Rooms - Gavan Property offices - Saturday May 14, 2022 at 3:45PM (Register from 3:30PM)

Bid or Watch Online - https://buy.realtair.com/properties/92058#/

Rarely offered to the market is this fantastic opportunity to secure an entire apartment building! Located in the heart of Mortdale just 25mins train ride to Sydney CBD, this apartment block offers 8 x 2 bedroom apartments and is ideal for super fund investors, future development opportunity, or to simply hold for great long term investment.

- Rare opportunity to secure an entire residential apartment building
- Site size: 672m² (approx.) land size block
- R4 zoning
- Earmarked under the Georges River Master Plan for possible re-zoning in the near future
- Existing block of 8 x 2 bedroom apartments
- All 8 apartments are on separate strata title holdings and are to be sold in one line
- 62.5% newly renovated with modern kitchen and bathrooms
- Passing gross income of $161,200 per annum. Pre-Covid rental were around $170,000 to $180,000 per annum
- Ideal for superannuation funds, developers, investors or speculative investors with a possible upswing should re-zoning occur
- Quick 35mins drive to Sydney CBD, and 25mins to Sydney Airport.
- 25 minute train ride to Central Station/CBD.
- Located in the heart of Mortdale Village, with shops, cafes, buses and train station only meters away.
- Contact agent for income returns, costs and additional information

View: Inspections by appointment or Wednesdays 5pm to 5:30pm and Saturdays 3:30pm to 4pm.
More information: Register to request an Contract of Sale, Information Memorandum and Tenancy Schedule @ https://bit.ly/36u5Nd4