Campsie 33 Mckern Street

Overview

The Block / 6 Apartments / R4 Zoning / 645sqm / Readymade Investment

Held within the same family for many years, this ideal investment is a once in a life time opportunity to acquire an entire block of 6 x 2 bedroom apartments all with parking in one of Campsie's best investor locations, all within local proximity to Canterbury Hospital, Campsie Railway station, and all the cafes, restaurants and shopping varieties along Beamish Street.

Set in the most desirable of residential locations, these apartments offer a phenomenal investment prospect with a very strong income stream, excellent rental demand and capital growth potential all set upon a level block of land in a quiet residential tree lined street.

Zoned R4 - High Density Residential Development land, this property is ideal for investors, developers or self managed super funds as this property also has the added benefits of further redevelopment, site amalgamation, potential for strata subdivision and the addition of more units (all subject to council approval).

Key factors:
6 x 2 bedroom apartments with parking set over 2 levels on a prime residential street. R4 zoned land of 645sqm (approx.) - a level plot of clear land (Main Boards Sewer line at rear of property fence line). Gross annual income $125,000 approximately (currently under let due to C19 virus). 6 x car spaces with potential to add more, with scope to create and add courtyard ground floor gardens. Refurbished interiors with neat modern kitchens and bathrooms with separate shower and bath tubs, wooden floating floors upon solid concert substrate tiled throughout, internal laundry, NBN available. Highly sought after location with close proximity to Beamish Street, transport, shops, schools, hospital, the cooks river parkland, and easy commute into the CBD. Strong, consistent rental history and forward yield within a high quality multi-unit asset.

Richardson&Wrench Marrickville | Dulwich Hill | Hurlstone Park
02 9518 1655
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