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5-9 Elizabeth Street ALLAWAH 1

5-9 Elizabeth Street
allawah
NSW, 2218

SOLD
listing rooms 30
listing bathrooms 15
listing parking 15
Land: 1505 sqm

THE ELIZABETH - A STRATEGIC INVESTMENT OPPORTUNITY! SOLD! CONTACT AGENT

Expressions of Interest closing midday Wednesday 11th September 2024

Set within Allawah's thriving retail precinct, mere footsteps to Allawah train station, The Elizabeth is an entire apartment block offering. This double brick and fully leased investment opportunity with unrivalled instant and long term upside, is a proposition rarely offered to the market.

The Elizabeth is made up of 15 well-proportioned 2 bedroom units all with lockup garages. The property sits on a substantial 1,505sqm sized parcel of land with a wide 36 meter frontage (approx.).

The Opportunities are Endless! A fully leased investment with unlimited investment uplift, The Elizabeth is the perfect Sydney investment.

• Keep in its present form and increase rents to market value
• Increase the asset value instantly through cosmetic renovations creating additional increased returns
• Simply collect the rental return until you are ready to rebuild as the GFA allows for circa 32 x 2 bed units
• Convert to Strata title and sell off individually (subject to council approval)
• Situated within the rail corridor, the attributes of this site have significant potential for future rezoning
• Site Size: 1505sqm(approx.), 36 meters wide (approx.), Existing R4 zoning with FSR of 2:1
• Entire block sold in one line (not strata titled)

Agents

Nearby Schools

About allawah

median house price

742000

suburb growth

4.5%

median house rent

650

suburb rental yield

4.6%

Similar Properties

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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