Ideally situated just 350 metres walk to Harris Park train station, only 400 metres to the wonderful Harris Park restaurant district, and just over one kilometre to Westfield Parramatta and the Parramatta train station, here is an outstanding opportunity that is being offered for the first time since being built and promises an incredible return on investment in a prime location. This rare option to secure an entire block of apartments will appeal to investors looking to make a substantial addition to their property portfolio. This offering features eight self-contained two bedroom units all including lounges with balconies, separate dining rooms, kitchen, internal laundry plus a bathroom, in addition to each having their own lock-up garage in a package that already delivers a substantial annual rental return.
The full-brick complex set on a 790.4 sqm property includes a mix of renovated and original apartments to present optimal scope for further growth of the established income stream. Just steps to school and bus transport and within walking distance to Parramatta CBD, shopping, transport, restaurants and café’s, while also ideally located close to the proposed light-rail station at Rosehill, this substantial property offers plenty of appeal to the serious investor looking for a supreme investment close to the Parramatta CBD, Sydney’s second CBD. Expressions of interest are open now.
* 8 x 2 bedroom apartments
* Mix of renovated and original homes
* Solid full brick construction
* All homes with lock-up garages
* Fantastic location walk to station, shopping and restaurants
* Annual outgoings – Water Rates $4,807 | Council Rates $5,825 | Land Rates $11,113
* Annual rental income – $102,440 | Potential rental income – $129,480 (In current condition)
DISCLAIMER: All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.