CBRE, as the exclusive selling agent, is pleased to present an opportunity to acquire a significant residential apartment block
in one of the Lower North Shore’s most vibrant suburbs, Crows
Nest.
50 Falcon Street, Crows Nest benefits from the following key attributes:
• 4 x 2-bedroom apartment block, each with an accompanying study and laundry.
• Fully leased gross annual passing income of $111,800* pa
• Strong positive rental reversion opportunity back to market rents achieved in the area
• Estimated market income of $156,000
• Opportunity to strata and sell down individually (STCA)
• Dual street frontage with laneway access to rear car park
• 4 onsite car spaces with rear lane access
• Chance to acquire a substantial residential asset in a major growth suburb set to benefit from significant infrastructure investment
• Close proximity to Crows Nest commercial core, Woolworth’s (150m*), the future Crows Nest Metro Station (550m*) and St Leonards Train Station (1km*)
The property will be offered for sale via Public Auction on Tuesday 24 October 2017 at 10:30am.
To arrange an inspection please contact the below agent:
Jason Lowry
0419 277 527
