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16 George Street,
Marrickville 2204, New South Wales
$2,775,000
Property details
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Agents
Fantastic Potential
Absolutely fabulous opportunity. 4 apartments on one title. The property is in need of full renovation. Possible extension or redevelopment subject to council approval. 2 storey walk up with full brick construction and tile roof.
All 4 are currently leased on expired agreements returning $480 per week each. This can easily be increased with renovation.
Superbly located in a quiet street just around the corner from Marrickville Park. Close to shops and transport with light rail in less than 20mins walk.
The property comprises 4 x 2 bedroom flats each with combined lounge and dining rooms, kitchenette's, bathrooms and laundries.
The land measures approximately 430 square meters with a driveway to rear garden and plenty of space for off-street parking. Frontage approximately 11.735 metres.
Bring your imagination to improve this sound investment.
Gross annual return $99,840.00
Council rates $1026.00 per quarter
Water rates $976.00 per quarter
Land Value $1,910,000.00 (1/7/22)
Land 430sqm - Frontage 11.73m
All 4 are currently leased on expired agreements returning $480 per week each. This can easily be increased with renovation.
Superbly located in a quiet street just around the corner from Marrickville Park. Close to shops and transport with light rail in less than 20mins walk.
The property comprises 4 x 2 bedroom flats each with combined lounge and dining rooms, kitchenette's, bathrooms and laundries.
The land measures approximately 430 square meters with a driveway to rear garden and plenty of space for off-street parking. Frontage approximately 11.735 metres.
Bring your imagination to improve this sound investment.
Gross annual return $99,840.00
Council rates $1026.00 per quarter
Water rates $976.00 per quarter
Land Value $1,910,000.00 (1/7/22)
Land 430sqm - Frontage 11.73m
Explore the area
School catchments
- Dulwich High School of Visual Arts and Design Secondary 7-12 Government 0.41km
- St Brigid's Catholic Primary School Primary K-6 Catholic 0.61km
- St Maroun's College Combined K-12 Independent 0.62km
- Marrickville High School Secondary 7-12 Government 0.63km
- Casimir Catholic College Secondary 7-12 Catholic 0.72km
- Wilkins Public School Primary K-6 Government 0.75km
- Lewisham Public School Primary K-6 Government 0.82km
- Dulwich Hill Public School Primary K-6 Government 0.85km
- Christian Brothers' High School Lewisham Combined 5-12 Independent 0.87km
- Petersham Public School Primary K-6 Government 1.0km
- NSW School of Languages Secondary Government 1.1km
- Marrickville West Public School Primary K-6 Government 1.2km
- Marrickville Public School Primary K-6 Government 1.2km
- St Paul of the Cross Catholic Primary School Primary K-6 Catholic 1.3km
- Newington College Secondary K-12 Independent 1.5km
- Summer Hill Public School Primary K-6 Government 1.6km
- Fort Street High School Secondary 7-12 Government 1.6km
- Stanmore Public School Primary K-6 Government 1.8km
- Yeo Park Infants School Primary K-2 Government 1.8km
- Trinity Grammar School Combined K-12 Independent 1.8km
- Ferncourt Public School Primary K-6 Government 1.9km
- Trinity Grammar School Bishop Chambers House Combined Independent 2.0km
- Tempe High School Secondary 7-12 Government 2.0km
- Canterbury Boys High School Secondary 7-12 Government 2.4km
- Canterbury Girls High School Secondary 7-12 Government 2.5km
- Ashfield Boys High School Secondary 7-12 Government 2.5km
- The Athena School Combined K-10 Independent 2.6km
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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Floorplan
Contact Alfio Musumeci
Contact Alfio Musumeci
Alfio Musumeci
16 George Street, Marrickville NSW 2204
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Alfio Musumeci
16 George Street, Marrickville NSW 2204