Sold
Block of Units

12 Wallaby Street Blackwall, NSW 2256

Sold for $1,380,000 on 16 May 2017
  • 9 Beds
  • 4 Baths
  • 4 Cars
Agents

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Block of Units in Blackwall

4 brick units on 1,068m², market rent $69,940 p. a

  • 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 with this outstanding investment opportunity, offering both attractive initial yield plus massive capital growth potential.

Very well maintained, the property has a total potential rental return of approximately $69,940 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
* New flooring
* Renovated bathroom with separate toilet
* Single carport
* Currently vacant (due to sale), market rent $430 per week

UNIT 2
* 2 x bedrooms
* Renovated kitchen
* Original bathroom
* Single carport
* Currently leased $295 per week (market increase $305 per week in place)

UNIT 3
* 2 x bedrooms
* Renovated kitchen
* Renovated bathroom
* Single carport
* Currently leased $295 per week (market increase $305 per week in place)

UNIT 4
* 2 x bedrooms
* Renovated kitchen
* Renovated bathroom
* Single carport
* Currently leased $295 per week (market increase $305 per week in place)

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 - BCA Report available, prepared by Associated Building Certifiers
  • Add another unit, utilising the large site area - subject to Council approval
  • Eventually redevelop - suitable for 3 large villas or 4 townhouses - subject to Council approval

Well maintained throughout and separately metered for both water usage and electricity, meaning lower outgoings and happy tenants.

To view more properties, go to www.raywhiteuminabeach.com.au

Disclaimer: We have obtained all information herein from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Parking:

4 carport spaces

Bedrooms:

9

Bathrooms:

4

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Suburb

Blackwall

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