Share this property

realcommercial.com.au

SOLD BY MICHAEL BURGIO 0430 344 700, 43 Charles Street Freshwater, NSW 2096

Directions

SOLD BY MICHAEL BURGIO 0430 344 700, 43 Charles Street,
Freshwater, NSW 2096

Development Sites & Land

Price information

Sold

$3,300,000

Key property information

Land area

Car spaces

Tenure type

Sold on

Map of SOLD BY MICHAEL BURGIO 0430 344 700, 43 Charles Street

Directions

5 APARTMENTS ON 1 TITLE FIRST TIME ON THE MARKET IN 50YRS!

| 2x 3-bedroom duplexes
| All have large kitchens + separate dining
| All with spacious bathrooms + bath tubs
| PLUS 3x 1-bedroom apartments
| All recently modernised + include kitchens
| 5x car spaces + ample off-street parking
| Projected gross annual income $150,000
| Seize the opportunity!!! That's 5% gross yield!
| Sunny North/West aspect
| Massive communal yard to unwind
| Seamlessly tenanted for 50 years
| Location, location, location!
| 200m to Freshwater beach
| Short stroll to cafes, transport & amenities

Introducing this once in a lifetime opportunity…available for the first time in 50 years! This iconic building has only had 2 owners and with continuous tenants – this is truly a no brainer investment.

The main building comprises of 2 duplexes boasting generous twin floorplans over two levels, with added scope to modernise for even more value. There are not many duplexes with the rare third bedroom or freedom to create a home study tucked away from the household distractions!

PLUS, there's the 3 extra one-bedroom apartments, located at the rear of the block. All have been recently modernised and outlook over the large communal yard, ideal for pets or relaxing in the sunshine after a stroll to the beach!

Savvy operators will know, Freshie is an ever-popular seaside suburb and these 5 homes located moments to local cafes, boutique shops & bus stops are in a highly desired spot! This rare investment is within your grasp right here on the Northern Beaches. View today!

Council: $1,283 per quarter
Water: $501 per quarter
Total Size: 640 square metres

Projected rental return:
Three one bed apartments each $360 - $380 per week approx.
Lower level duplex $800 - $850 per week approx.
Upper level duplex $800 - $850 per week approx.

Explore property virtually

Video

Additional information

Property ID: 502942554Last Updated: 10 May 2024

proptrack logo
This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.
04211111...
realcommercial.com.au logo
SOLD BY MICHAEL BURGIO 0430 344 700, 43 Charles Street
Freshwater, NSW 2096

Make an enquiry

What's your enquiry about?

Enter your details

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.