FULLY LEASED DUPLEX WITH VALUE-ADD/OCCUPY POTENTIAL
Gross income of $108,1160 per annum*
Significant rental reversion upside
Opportunity to convert or develop (STCA)
CBRE, as the exclusive sales agent, is pleased to present 21-21a Mulwarree Avenue, Randwick. This fully leased duplex is an outstanding residential investment in the highly sought-after suburb of Randwick. The property offers further value add potential through conversion or future development (STCA).
21-21a Mulwarree Avenue, Randwick benefits from the following key attributes:
- Duplex comprising a 4-bedroom unit & a 3-bedroom unit plus 2 sunrooms/study.
- Currently fully leased returning $108,160 gross per annum* with significant rental reversion upside
- Self-contained upper and lower level dwellings which provide flexibility for extended family living or as an investment in a great location
- Lower level open plan living with seamless flow into outdoor areas
- Upper floor rooftop terrace provide a tranquil escape, perfect for entertaining
- Two lock-up garages plus one additional off-street parking space
- High ornate ceilings, floorboards and decorative windows
- Opportunity to convert into a large house, strata subdivide or develop into an apartment block
- Land area of 418sqm* with R3 Medium Density Residential zoning
- Situated at the heart of Randwick; close to the new Light Rail, parks, beaches, universities & shops
21-21a Mulwarree Avenue, Randwick will be sold via public auction on Tuesday, 31 March 2020 at 12.00pm
For more information, please contact the exclusive selling agents.
Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own due diligence.