Two x 2-Bedroom Apartments + Studio with R4 – High Density Zoning
Currently configured as two x 2-bedroom apartments and a versatile backyard studio, this multi-faceted property has investor appeal written all over it with potential for three separate income streams totalling approximately $975 per week.
Originally built in the 1920’s from solid brick, each apartment boasts a similar layout offering around 70sqm of floorspace. There’s a laundry block with third bathroom and shower in the backyard and the approximate 65sqm studio is a surprising find with its polished timber floors and high ceiling with exposed beams. Multi-vehicle parking can be found on the driveway along with a boatport.
Take advantage of the current layout and income stream or explore the many options this versatile property provides. With its R4 – High Density zoning there’s exciting potential for development. An internal staircase reveals the possibility to recreate into a large family dwelling or perhaps add value with some renovations and strata title the apartments, all subject to council approval.
Topped off by a superb location, the city and beaches are just 10 minutes away, the upgraded Waratah train station and Hanbury’s café are across the road and Mayfield’s town centre with its supermarkets, shops and eateries are an easy stroll from here.
– 434sqm block with approx. dimensions of 14.71/12.27 X 30.85/39.20m
– 800m to Woolworths and Aldi for everyday essentials
– 1100m to Waratah Village’s shops, eateries and services
– Well serviced by public transport with train station and buses nearby
***Health & Safety Measures are in Place for Open Homes & All Private Inspections
***All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property
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