A unit situated in SP75965 Neutral Bay NSW. The local council is North Sydney, featuring 1 bedroom, 1 bathroom.
Block of 4 Strata-Titled Apartments with 5% Nett Return Rare opportunity to own small block in the heart of Neutral Bay. This block is within 2 minutes from Coles, The Oaks, cafe's restaurants and the adjacent bus stop is the last one before Sydney CBD. All apartments have been stylishly renovated and comply with all government requirements. Each unit is fully furnished to a quality standard.Because of its appearance and convenience the appartments are easily let and currently rent for $380 pw each. The development is over two levels with a courtyard attached to one of the ground floor units. The building lends itself to further improvement with a second courtyard and balconies to both the upper floor residences. There is further opportunity to build more apartments on adjoining site - speak to agent for more details.Outgoings Total $9,125Council Rates $2,274.00Electricity $1,326.00Water Rates $1,912.00Insurance $ 605.00Land Tax $1,974.00Telstra Foxtel $1,034.00This is an amazing opportunity acquire a complete block in a top location and would be ideal for a private superfund.Additional feature - great investment.