ENTIRE APARTMENT BLOCK WITH HARBOUR AND SKYLINE VIEWS
CBRE, as the exclusive agents are pleased to present, 1 Caroline Street, Balmain.
The property is a two-storey brick unit block comprising 38 studio apartments and 16 car spaces. The property commands a corner position with two large street frontages along Caroline Street (30m*) and Caroline Lane (30m*). Each apartment features a kitchenette and bathroom whilst the building also includes equipped shared kitchen and laundries and a large sunny inner courtyard.
1 Caroline Street, Balmain benefits from the following key attributes:
- 38 x studio apartments
- Harbour and city skyline views
- Land area of 841sqm* with an building area of 1,089sqm*
- Fully leased gross passing income: $511,703 per annum*
- Refurbishment and strata subdivision potential
- Premium location within a rapidly growing area
- Short walk to Balmain and Balmain East Wharves providing direct access to Sydney CBD and several other locations
- Two minute* walk to Balmain’s main retail and dining strip along Darling Road
The property will be sold via public auction on Tuesday, 31st March 2020 at 12.00pm.