Rare Opportunity - Entire Building In Prime Location
In a tranquil tree-lined avenue moments to the vibrant heart of cosmopolitan Potts Point, this block of 9 apartments presents an outstanding opportunity for investors and developers. Held by the same family since 1969, the three-level building has 8 x 2-bedroom apartments, 1 studio apartment and 9 car spaces. Set on a 470sqm (approx.) parcel of land with rear access to McDonald Street, the building has potential to develop or renovate to increase the annual gross income and scope to create a roof terrace with panoramic views to the Harbour Bridge and Opera House STCA. In a sought after lifestyle precinct at the northern end of Potts Point, the property is footsteps to buses and a short stroll to cafes, restaurants, shops and weekend farmers' market in Fitzroy Gardens.
Features - Entire building held by same family since 1969 - 8 x 2 bedroom apartments, 1 studio, 9 car spaces - Approx. 470 sqm block; rear access to McDonald St - Potential to renovate and to increase current yield - Potential for contemporary development STCA - Scope for roof deck w Harbour Bridge/Opera House views STCA - No common walls between each of the apartments - 7 apartments with balcony; 2 apartments with air-con - 6 covered car spaces w entry from St Neot Avenue - 3 off-street car spaces w entry from McDonald St - Tranquil tree-lined street at north end of Potts Point - Footsteps to buses; easy walking distance to the city - Short stroll to stroll to cafes, restaurants and shops
Ray White Double Bay - The Team of Professionals You Deserve Our recommended loan broker www.loanmarket.com.au/daniel-pym
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13 St Neot Avenue
Potts Point 2011, New South Wales