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20 Alexandra Road Glebe NSW 2037

  • Other
  • 395 m²
  • Commercial Auction

CITY FRINGE APARTMENT BLOCK

  • 12 strata titled studio apartments
  • Deceased Estate
  • Next to Jubilee Park & the waterfront

CBRE, as the exclusive sales agent, is pleased to present 'Palm Court', 20 Alexandra Road, Glebe. This trophy apartment block commands a prime location beside Jubilee Park and just moments from Rozelle Bay. Comprising 12 studio apartments, the property is just a short drive from Sydney CBD, benefiting from its quiet suburban lifestyle whilst still being surrounded by amenity. 'Palm Court presents a secure investment with a steady cash flow and value add potential. The development of the entire Bays Precinct area, identified by the NSW Government as a State Significant master plan, will underpin capital growth in Glebe and the surrounding suburbs for years to come.

'Palm Court' benefits from the following key attributes:

- Apartment block with 12 studio apartments
- Floor area: 395sqm*
- Land area: 411sqm*
- Potential gross income: $221,316 per annum*
- Strong value add potential through refurbishments
- Adjacent to Jubilee Park and moments to the waterfront at Rozelle Bay
- Short walk to Jubilee Park Light Rail Station with direct services to the city
- Set to benefit from future developments and infrastructure of the Bays Precinct master plan
- Just 2.7km* from Sydney CBD

'Palm Court' will be sold via public auction on Tuesday, 10 September 2019 at 10.30am.

For further information, please contact the exclusive sales agents.

*approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Auction date and time10/09/2019 10:30
Auction locationLevel M, 50 Margaret Street, Sydney

Property Highlights

Property ID2015526804
Floor Area395 m²
Land Area411 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  16 Aug 2019
Map for 20 Alexandra Road Glebe NSW 2037
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000

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