BASED on the high levies till all improvements are done , is a very attractive asking price…..$399,000 -this is no error…

Directions: Enter via Plunkett Street, just off Bourke Street, Woolloomooloo and adjacent to Plunket Street Public School.

A super opportunity is on offer to secure the most affordable 2BR apartment 93sqm with a valuable, secure undercover car spot big enough to fit two vehicles.

Positioned on the ground floor of this circa 1960′s, three level security building, which features a central focal in ground swimming pool and a resident caretaker.

Apartment 6 is spacious throughout with high ceilings and has a large open plan lounge, dining and kitchen area. There are internal laundry tap fittings.

There are two outdoor areas including a north facing balcony and an entry courtyard.

Both bedrooms have built-in robes and a sunny northern aspect.

The bathroom is large with a bathtub and a separate shower.

Special note, apartment 6 is the largest unit in this complex. This apartment has been let to the same tenants for the last 7 years with a current rental of $410 per weeklease expired.
The tenants are happy to sign a further long lease.

Close proximity to transport, fine restaurants and popular harbourside cafes. Only a short scenic stroll to Finger Wharf, Mrs Macquarie’s Chair and the Art Gallery of NSW.

WHATS THE CATCH?……

The unit levies are higher than normal.
A short and simplistic summary as to why the levies are Higher than normal.

This 1960′s residential apartment building now requires a much needed makeover. Therefore, plans are currently in place for building improvements.

It has been agreed by the buildings body corporate that the unit levies be increased, to budget for these improvements.

First home buyers and schrewed investors can take advantage of this current position, then imagine the capital appreciation once this block has be rejuvinated.

Based on the high levies, our motivated interstate vendor has set an extremely attractive asking price of $399,000

Our instructions are, the best offer made on April 26th can secure this potential packed acquisition with tremendous capital growth, as Woolloomooloo is slowly emerging as a true Sydney hot spot.

OUTGOINGS

Council: $152pq
Water: $115pq
Levies: $2195pq

Strata Agent: Body Corp Services Ph: 8216 0398
Building Caretaker: Michael Horgan Ph: 9357 1737