33a Rangers Road Cremorne NSW 2090
- Development / Land
- 699 m²
- Commercial Auction
APARTMENT BLOCK INVESTMENT + DEVELOPMENT UPSIDE
- 5 Apartments / Townhouses
- Invest, Add-Value or Develop (STCA)
- R3 Medium Density Residential
CBRE, as the exclusive sales agent, is pleased to present 33a Rangers Road, Cremorne. A significant freehold apartment block investment comprising 1 spacious 2-bed townhouse, 2 x 3-bed townhouses and 2 x 2-bed apartments with development upside (STCA).
33a Rangers Road, Cremorne benefits from the following key features:
-Sensational freehold investment opportunity in a highly tenanted area, underwriting Cremorne's strong rental demand.
-Comprises 1 x 2-bed townhouse, 2 x 3-bed townhouses and 2 x 2-bed apartments with parking.
-Currently generating a substantial Gross Income of $209,329.24* per annum with opportunity for rental reversion.
-Situated in Cremorne, one of Sydney's most exclusive Lower North Shore harbour side suburbs.
-Opportunity for future development uplift via favourable planning controls including R3 Medium Density Residential zoning with 8.5m height limit.
-Positioned on a generous land area of 699sqm*
-A short easy stroll to Military Road's bustling hub of lively boutique cafes, restaurants and shops.
-Surrounded by an abundance of luscious parks, pristine coastal walking tracks and bays synonymous with Cremorne.
-Great proximity to transport including the B-Line Bus service linking Sydney's North Shore to Sydney CBD.
33a Rangers Road, Cremorne will be sold via public auction on Tuesday, 19th July 2022 at 10:30am at auctionWORKS (Registration, online bidding and live stream available)
For more information, to arrange an inspection or to request access to the due diligence room, please contact the exclusive selling agents.
|Auction date and time||19/07/2022 10:30|