'Rathdowne' - Presently a character block of three, comprising two substantial three bedroom Strata apartments, an 80 sqm garden apartment and 3 lock-up garages. Fully tenanted on expired leases showing GAR $135,516, with scope for improvement. DA approved plans from Woollahra Council provide for conversion into 2 luxury double-storey residences of 230 & 250 square metres, one of which would enjoy a lovely outlook towards Rose Bay plus 4 lock up garages. Located in Sydney ´s most prestigious residential enclave, close to harbourside beaches, Rose Bay Marina, transport, and just an easy stroll to both Double Bay and Rose Bay villages. Perfect for an investor seeking return and capital growth, a family seeking 3 residences or a developer wishing to capitalise on the approved plans.
-Grand duplex with separate one bedroom garden apartment
-Ideal for redevelopment or a superb Blue chip investment
-Currently 3 oversized character units +3 lock-up garages
-Each has own entrance, period features & Kauri flooring
-Marble bathrooms, working fireplaces, large courtyards
-All tenanted - GAR $135,516 with scope to increase
-DA approved plans by award-winning architects archer+wright
-Innovative plans for two luxury two-storey apartments + 4 lock up garages
-Near harbour parks & beaches, private schools and transport
-A privileged harbourside location. Land 556 sqm (approx)
-Wide frontage to Wolseley Road
-A rare opportunity - great for the Super fund
First inspection: Saturday 25 July 11.30-12.15pm
Co-Agent: Savills - Adam Ross 0409 663 051
RENT SCHEDULE & INCOME (ALL EXPIRED LEASES)
Unit 1 $53,652 pa
Unit 2 $50,256 pa
Unit 3 $28,596 pa
Garages $3,012 pa
Annual Income $135,516
OUTGOINGS
Water Rates $1,368p.a.
Council Rates $3,233 p.a.
