At this address is a unit located on a lot in DP323329 Arncliffe NSW. Estimated value at this time is $640,000. Built in 1920, with 1 bedroom and 1 bathroom.
Existing Block of Flats with Approx $70,000 Per Year in Rental Return. A rare opportunity for developers and investors. Currently 3 flats with car spaces and 3 garages leased with immediate income for the new buyer or endless opportunities to redevelop.Currently divided into 3 flats all with parking that are fully leased and an additional 3 garages all leased individually. Approximatley $70,000 P.A in rental return.1/229 Forest Road, Arncliffe: 2 bedroom, spacious lounge room, well-appointed kitchen, internal laundry, courtyard and car space.2/229 Forest Road, Arncliffe: 2 bedrooms, separate lounge and dining room, large gas eat-in kitchen, balcony and car space.3/229 Forest Road, Arncliffe: 2 bedrooms with built in wardrobes, separate lounge and dining, bathroom with bathtub main bedroom on s upper level, huge courtyard car space.Garages 1, 2 & 3 are leased separately.Prime investment in area of consistently high rental demand, an opportunity to buy and hold or modernise, increase value and strong investment with excellent capital growth prospects.Ultra convenient location only a short walk to Arncliffe train station, parks and shops. Easy access to M5 motorway. Approximately 15 minutes??? drive to the C.B.D.