Auction
1 Bed • 1 Bath • 1 Car • 3399m²
New
776-784 Canterbury Road, Belmore NSW 2192
Auction
- 1Bed
- 1Bath
- 1 Car
- 3399m²
Block of Units for sale
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What's around Canterbury Road
Block of Units description
“MORTGAGEE IN POSSESSION - 44 UNIT APARTMENT BLOCK - MUST SELL”
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
Auction on the 13th December 2022 at 10:30am
Venue: Auction Room - Mezzanine Level - 50 Margaret Street, Sydney NSW 2000
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 JP - 0414 854 854
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What's around Canterbury Road
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Steve Kremisis
Ray White - Dulwich Hill
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