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  • Sold
Secure Unit Block Investment - #1
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Colliers, in conjunction with Croll Real Estate, are pleased to present For Sale 268 Sailors Bay Road, a rare opportunity to secure an immaculately presented fully-leased unit block investment in an affluent Lower North Shore location.

This two-storey character building comprises four charming 2-bedroom apartments, parking for 3 car spaces accessible via Wagschall Lane at the rear, and benefits from its recent strata subdivision approval. The building can therefore be acquired in-one-line as a single holding or in-one-line as four individual residential apartments.

Key Highlights:
+ 411 sqm rectangular site with dual ~10m frontages
+ Recently approved for strata subdivision
+ Rental reversion potential
+ Renovated apartments with functional layouts
+ Light-filled north-facing main bedrooms
+ Leafy, tranquil outlook
+ Secure, well-maintained building with comparatively low outgoings - no CAPEX required
+ Booming rental market unlikely to ease in the short-medium term given chronic supply shortage
+ 18.2% 2-bedroom unit rental growth in Northbridge over the 12 months to Oct-23

For further information and/or to arrange a private inspection, please contact the exclusive selling agents.

Features

Recently Refurbished
4 renovated 2-bedroom apartments
Yield
Fully-leased; rental reversion potential
DA Approved / Planning
Recently approved for strata subdivision
Natural Light
Light-filled north-facing leafy outlook
  • 07/02/2024
  • Contact our experts for details on this transaction