54 Wrights Road, Drummoyne
FOR SALE - $14,950,000 excl GST.

54 Wrights Road, Drummoyne is a rare gem. An absolute waterfront property of about 3700sqm with a north-east facing aspect overlooking Sydney harbour offering panoramic views up the harbour to the city skyline.

Held in the same ownership for over 50 years, The University of Sydney commissioned the construction of the current improvements in 1985, being 21 well appointed 2 bedroom apartments set above secure basement carparking in extensively landscaped surrounds including a swimming pool and barbeque area. 54 Wrights Road Drummoyne offers private access from the water by virtue of a pontoon under a lease from the Maritime Authority of NSW.

Prestigiously set amongst very high quality apartment complexes, Drummoyne is a well established inner suburb of Sydney within 8 kilometres of the Central Business District.

Acquire the property, upgrade and hold to generate a growing income over time - this would form a key part of a major investor's diversified property portfolio. Alternatively, sell down on a unit by unit basis and reap the profits delivered by individual unit buyers keen to secure a position in such a desirable location, barely 8 kilometres from the Central Business District of Australia's largest city.

Already strata subdivided and offering magnificent panoramic views towards the city and North Sydney to the east, 54 Wrights Road Drummoyne truly is a 'once in a lifetime' offering.

Main features Include:

* Rare quality offering with Sydney waterfront

* Land size 3700sqm (approx)

* 21 large 2 bedroom apartments

* All with 2 basement car spaces

* Existing cash flow