Entire Block of 9, With Ocean Views + 5 Garages and DA Approved for 2 More Apartments
In a prime coastal position with two prominent street frontages, this entire block of 9 strata apartments plus 5 lock-up garages presents an outstanding opportunity for self-managed superannuation funds and astute long-term investors.
With DA approval to create another two apartments from 2 garages at street level, the block comprises 5 x 1 bedroom apartments, 3 x 2 bedroom apartments and 1 x 3 bedroom apartment, as well a residents? laundry and the garages. Featuring balconies and ocean views, each apartment has a large living area, gas kitchen, bathroom and good-sized bedroom/s.
While in good condition, the building?s common areas and the units have potential for refurbishment to obtain higher rental returns. Situated at the corner of Military Road and Kobada Road, the property is a short walk to North Rose Bay village shops, city buses, parks and coastal walks.
Features
- Ideal for investors or self-managed super fund
- Block of 9 spacious apartments + 5 garages
- DA approval to create another apartment
- 5 x 1 bed units, 3 x 2 bed units, 1 x 3 bed unit
- Sweeping ocean views & wide balconies
- Residents? laundry & clothes drying terrace
- Potential for refurbishment & higher return
- Land size 525 sqm with 2 street frontages
- Close to North Rose Bay shops & coastal walks
Lot/Plan No: 1/DP208998 翻译中文