This is a unit on a parcel in DP361610 Ashfield NSW. Constructed in 1940, featuring 20 bedrooms, 20 bathrooms.
An Outstanding Investment Opportunity Harris Tripp is excited to offer 8 Pembroke Street, Ashfield for sale. Completed in 2014, this impressive multi-let offering of 20 spacious self contained studio apartments was constructed to deliver high quality housing close to the Summer Hill Village and Ashfield's bustling retail precinct. With the highly regarded Hume Housing Association as Head Leasee, this property has a zero vacancy rate which generates a solid income for an array of investors seeking capital preservation. Gross income $466,231 approximately, per annum including GST Significant depreciation benefits Outgoings approx. $38,839 per annum 3% increase year-on-year for life of lease expiring SEP 31st 2024 One additional "common room" with kitchen, bathroom, outdoor access Well-appointed air conditioned units with timber flooring Stainless appliances, gas cooking, quality stone surfaces Custom cabinetry and high ceilings with LED downlights NBN ready, gas hot water, sleek bathrooms with laundries Car space for caretaker, bike racks and disability parking Well-constructed full brick contemporary block with CCTV security A smart, clean and open design for mobility impairment Seconds to Ashfield Park and an 8 minute walk to the Summer Hill villageLand size: approximately 732 square metresHarris Tripp agents Matt Viney & Jay King are offering the property via Expressions of Interest ending Saturday 9th NOV 2019 if not sold prior.