Just around the corner from beautiful Lambton Park and the suburb’s vibrant caf and shopping strip on Elder Street, this block of three 1 and 2-bedroom apartments on one title is an exciting real estate opportunity offering multiple options that will appeal to investors, builders and property developers alike.

Completely comfortable, with recent updates, investors will see the potential to further modernise and increase the rent, currently a combined $48,880 per annum, all on one title.

Alternatively, the 476sqm parcel with approximate 15.24m frontage is prime for development. Realise your dreams to build a magnificent two storey home or take advantage of the R2 Low Density Residential zoning for more than one residence, all subject to council approval.

Everything you need can be reached on foot from this family-oriented location, whether it’s shopping, schools, transport, leisure or dining options.

- 476sqm north facing landholding with approximate dimensions of 15.24m X 31.24m
- Current returns totaling $940pw: 1 bedroom unit for $280pw; 1 bedroom unit for $300pw; 2 bedroom unit for $360pw
- All of the apartments have a functional layout with open-plan living and new a/c
- Each apartment has a carport plus extra driveway parking and shared laundry
- Concept plans available for a 6-bedroom duplex and freestanding 3-bedroom home
- Scope at rear of block to add a granny flat
- Gas plumbing has been replaced throughout

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