20 Alexandra Road Glebe NSW 2037
- 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.
Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.
|Auction date and time||10/09/2019 10:30|
|Auction location||Level M, 50 Margaret Street, Sydney|
|Floor Area||395 m²|
|Land Area||411 m²|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||16 Aug 2019|