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33a Rangers Road
Cremorne NSW 2090
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Sold on 2 Aug 2022

33a Rangers Road Cremorne NSW 2090

  • Development / Land
  • 699 m²
  • Sold

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 $172,592.86* per annum with opportunity for rental reversion.
-Situated in Cremorne, one of Sydney's most exclusive Lower North Shore harbourside 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.

For more information, to arrange an inspection or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.

CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Date Sold2 Aug 2022
Floor Area501 m²
Land Area699 m²
ParkingOn site parking available
Property ID2017894324
Category
Last updated  15 Sep 2022
Map for 33a Rangers Road Cremorne NSW 2090

Nearest transport* to 33a Rangers Road Cremorne NSW 2090

Bus
Train
Tram
Ferry
Florence St Near Reed St145 m
Spofforth St Opp Reginald St186 m
Florence St At Spofforth St197 m
Spofforth St At Reginald St205 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Date Sold2 Aug 2022
Floor Area501 m²
Land Area699 m²
ParkingOn site parking available
Property ID2017894324
Category
Last updated  15 Sep 2022

Co-Agents

Toby Silk
Toby Silk
CBRE Sydney
Call
0422 143 813
Angus Beevers
Angus Beevers
CBRE Sydney
Call
0431744830

More about 33a Rangers Road Cremorne NSW 2090

33a Rangers Road Cremorne NSW 2090 is categorized as Land & Development Property. It has a floor area of 501 m² and a land area of 699 m². The listing ID for this property is 2017894324.

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