1 Gowrie Street Ryde NSW 2112

Ray White Commercial is pleased to present 1 Gowrie Street, Ryde for sale via Public Auction.

The asset represents a remarkable freehold opportunity to acquire this entire block of nine (9) units in one line with potential for future strata-subdivision^.

Situated within walking proximity to Top Ryde City Shopping Centre, the units are of their original condition and ripe for refurbishment and other works to increase its return significantly.

Highlights of the property include:

*Total land area of 556sqm*
*Entire block of nine (9) units - (6 x 2-bedroom and 3 x 1-bedroom units)
*Six (6) lock-up garages
*All units are self-contained with separate dining and living
*Estimated fully-let annual income of $159,380*
*Potential to significantly increase return through refurbishment
*Three (3) level double brick construction
*Potential to strata subdivide^

The property will be offered for Auction on Tuesday 7 April 2020 at 2:30pm - ONLINE.

To organise an inspection, or to discuss the opportunity in further detail, please contact the exclusive selling agents.

*Approx.
^S.T.C.A