MORTGAGEE IN POSSESSION - SOLD

A secure apartment block investment opportunity with further development upside, 776-784 Canterbury Road, Belmore includes an existing two-storey building of 44 x 1-bedroom apartments with a central courtyard and parking spaces. The site has DA approved for an additional 20 x 1-bedroom apartments on a third level and renovations to the existing facade and internals.

776-784 Canterbury Road benefits from the following key attributes:

- Total combined site area of 3,399 sqm*
- 44 x 1-bedroom apartments with parking spaces
- Dual frontages on Canterbury Road (61m*) and Allegra Avenue (61m*)
- DA approved for 20 x 1-bedroom apartments on a third level and renovations to the existing structure
- Significant opportunity to improve room rentals & property yield by refreshing units & increasing rents to market equivalents in the area
- Gross passing income of $686,660* p.a with significant potential for upside due to improvements and redevelopment
- Strong occupancy track record and a fantastic platform to immediately capture the low vacancy residential market
- Strata registered, not active.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

Ray White Dulwich Hill
Steve Kremisis - 0414 818 317
Frank Camarda - 0414 854 854

Explore the area

School catchments

St Joseph's Catholic Primary School Primary K-6 Catholic 0.20km
Belmore South Public School Primary K-6 Government 0.34km
Al Hikma College Primary K-6 Independent 0.66km
All Saints Grammar Secondary K-12 Independent 0.79km
Al-Faisal College - Lakemba Primary Independent 1.1km
McCallums Hill Public School Primary K-6 Government 1.1km
All Saints Grammar Junior School Primary Independent 1.2km
Holy Spirit Catholic College Secondary 7-12 Catholic 1.2km
Kingsgrove North High School Secondary 7-12 Government 1.3km
St Therese's Catholic Primary School Primary K-6 Catholic 1.4km
Belmore Boys High School Secondary 7-12 Government 1.7km
Lakemba Public School Primary K-6 Government 1.7km
Belmore North Public School Primary K-6 Government 1.8km
Hampden Park Public School Primary K-6 Government 1.8km
Wiley Park Public School Primary K-6 Government 1.9km
Rissalah College Combined K-12 Independent 1.9km
Clemton Park Public School Primary K-6 Government 1.9km
Harcourt Public School Primary K-6 Government 1.9km
Wiley Park Girls High School Secondary 7-12 Government 2.0km
Beverly Hills North Public School Primary K-6 Government 2.1km
St Ursula's College Secondary 7-12 Catholic 2.3km
Beverly Hills Girls High School Secondary 6-12 Government 2.7km
Kingsgrove High School Secondary 7-12 Government 2.9km
St Charbel's College Combined K-12 Independent 3.1km
Punchbowl Boys High School Secondary 7-12 Government 3.3km
Al Sadiq College Combined K-12 Independent 3.5km
Australian International Academy, Sydney, Strathfield Campus Combined K-12 Independent 3.6km
Canterbury Girls High School Secondary 7-12 Government 3.7km
Al Noori Muslim School - Senior Campus Secondary Independent 3.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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