Sold
Block of Units

12 Wallaby Street Blackwall, NSW 2256

Sold for $1,165,000 on 30 Jun 2016
  • 9 Beds
  • 4 Baths
  • 4 Cars
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Block of Units in Blackwall

Fabulous 4 on 1,068m² land

  • 9 Beds
  • 4 Baths
  • 4 Cars

To be sold in one line is this brick veneer complex of four units, occupying 1,068m2 prime R1 land in a quiet street, less than 5 minutes drive to Woy Woy Railway. You simply can't go wrong .

Very well maintained by the current, long standing owners, the property has a total potential rental return in excess of $63,000 per annum.

The property comprises of 3 x 2 bedroom units plus 1 x 3 bedroom unit with shared laundry facilities and detached single carport per unit. Current rental returns and summary per unit is as follows:

UNIT 1
* 3 bedrooms
* Spacious living
* Original kitchen
* Renovated bathroom with separate toilet
* Single carport
* Currently leased $340 per week
* Market rent $360 per week

UNIT 2
* 2 x bedrooms
* Renovated kitchen
* Original bathroom
* Single carport
* Currently vacant (for sale purposes)
* Market rent $280 per week

UNIT 3
* 2 x bedrooms
* Renovated kitchen
* Renovated bathroom
* Single carport
* Currently leased $250 per week
* Market rent $290 per week

UNIT 4
* 2 x bedrooms
* Renovated kitchen
* Renovated bathroom
* Single carport
* Currently leased $285 per week
* Market rent $290 per week

This is an outstanding opportunity for the astute investor to park their capital in bricks and mortar with amazing future upside. Further development potential (Subject to Council Approval) includes :

  • Potentially strata title and sell off individually
  • Add another unit, utilising the large site area
  • Eventually redevelop - suitable for 3 large villas or 4 townhouses
Bedrooms:

9

Bathrooms:

4

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Suburb

Blackwall

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