PRIME INVESTMENT OPPORTUNITY – BLOCK OF 6 x 2 BR APARTMENTS ON 677 SQM WITH FURTHER VALUE & INCOME-ADD POTENTIAL.

Opportunity to acquire a 1970’s solid 2 level block of six two-bedroom apartments situated in this sought-after Inner West suburb. Positioned on a 677 sqm parcel with rear lane access Via Phillips Lane, this property is ideal for investors aiming to capitalise on significant value-add opportunities.

• Block of six x 2 bedroom apartments – tightly held, first time offered in 60 years
• Generous 677 sqm landholding offering ample space and potential
• Rear lane access via Phillips Lane provides additional convenience and upside
• 2 large garages and generous level sunny rear yard.
• Front and rear units feature private balconies
• Potential to renovate, re-lease, and maximise income
• GAR $167,440 per annum (including unit 3)
• Aprtment 3 is owner occupied rental potential $550 to $600 per week
• Opportunity to convert to strata-title apartments S.T.C.A
• Close proximity to Marrickville’s diverse cafes, restaurants, and cultural venues.
• Convenient access to public transport options, including train stations and bus routes with easy access to Sydney & CBD.

      Development & zoning

• Zoning: R1 General Residential
• FSR: 0.6:1
• Height Limit: 14m
• Land size 677 sqm
• Local council IWC

This property offers multiple strategies for the astute investor: hold for long-term capital appreciation, renovate to boost rental yields, or strata-title and sell individually for immediate returns.