Conveniently located in the Normandy Building just a short walk to Kings Cross station, this compact 2 bedroom strata apartment is currently leased for $440 per week.
Situated at the rear of the building on the elevated entry level, the apartment receives afternoon sunshine and presents in good condition.
However there is ample scope to refurbish and maximise the rental returns.
The pre-war period building has improved common areas and the apartments feature high ceilings throughout.
This location is only a four minutes by train to the CBD and an easy walk to Rushcutters Bay parklands, and the popular caf scene of Victoria Street, Darlinghurst.
Size: 43sqm (approx.)
Strata levies: $1806.25 per quarter
Water Rates: $300.50 per quarter
Council Rates: $229.30 per quarter