SOLD
16 Union Street
BALMAIN EAST
Sold at auction for $1.93m: Superb investment - block of 4 apartments, 360sqm, garages, water views
- 4 bed
- 4 bath
- 2 car
Land 332m2
SOLD
Contact Agent
Sat 24 Sep 2011
SOLD
16 Union Street
BALMAIN EAST
Sold at auction for $1.93m: Superb investment - block of 4 apartments, 360sqm, garages, water views
Tightly held by the one owner for over 60 years this block of four apartments on one title now represents a unique investment opportunity in a prestigious cul-de-sac location just footsteps to the waterfront parkland, Darling Street cafes and Balmain East ferry wharf.
Fully occupied and comfortable in their current basic condition, the apartments could be further enhanced to realise their full potential or subject to council approval the substantial building on 330sqm+ could be transformed into a single magnificent family home or luxury residences with harbour views.
Accommodation:-
Features:-
- 4 one-bedroom apartments on the one title
- Combined kitchen and living spaces
- Units 3 & 4 have sunrooms & separate dining
- Tidy bathrooms, internal laundries
- 2 lock-up garages and store room at the rear
- Current gross rental return of $67,000p.a / $1285p.w
- Upstairs apartments feature water and city views
- Tremendous potential to reconfigure and add value
- Moments to Balmain East village, waterfront parks and ferry
- 4 bed
- 4 bath
- 2 car
Land 332m2
SOLD
Contact Agent
Sat 24 Sep 2011
Make an Enquiry
Sold at auction for $1.93m: Superb investment - block of 4 apartments, 360sqm, garages, water views
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