Added 3 days ago
1-5/78 Alison Road,
Randwick, NSW 2031
Other
Added 3 days ago
Detailed listing
Key property information
Floor area
Car spaces
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$209,508
Number of Tenants
5 Tenants
Auction
Private inspections
to arrange a private inspection.
RWC - Eastern Suburbs
357 New South Head RoadDOUBLE BAY, NSW 2028
1-5/78 Alison Road
Randwick, NSW 2031
Detailed listing
Map
Entire Block of 5 Apartments
A rare and remarkable offering in one of Randwick's most popular pockets, this entire block of five apartments presents an exceptional opportunity for investors, SMSFs, developers and long-term holders alike. Comprising 4 x two bedroom and 1 x six bedroom apartments plus 3 lock up garages, the property delivers strong existing income with outstanding value-add potential.
• Entire block of 5 apartments
• 4 x 2br + 1 x 6br, 3 lock up garages
• Set over 670sqm of land with huge LMR upside (see Page 5 of Information Memorandum)
• High-demand position moments to Randwick village, transport and amenities
• Ideal for long-term hold, future redevelopment or strategic sell-down (STCA)
• Strong rental demographic near Light Rail, UNSW and Prince of Wales Hospital
• Perfectly positioned directly opposite Royal Randwick Racecourse
• Current rental income of $209,508 per annum (well under market)
Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY
• Entire block of 5 apartments
• 4 x 2br + 1 x 6br, 3 lock up garages
• Set over 670sqm of land with huge LMR upside (see Page 5 of Information Memorandum)
• High-demand position moments to Randwick village, transport and amenities
• Ideal for long-term hold, future redevelopment or strategic sell-down (STCA)
• Strong rental demographic near Light Rail, UNSW and Prince of Wales Hospital
• Perfectly positioned directly opposite Royal Randwick Racecourse
• Current rental income of $209,508 per annum (well under market)
Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY
Additional information
Randwick, 2031 demographic data
The median household income for Randwick is $2,422, 17% higher than Greater Sydney's household income of $2,077. Randwick has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 48% of property owners in Randwick have a mortgage.
28,943
Population
$2,422 per week
Median household income
36 years
Median age
Renters
Most residents
Families
Most households
RWC - Eastern Suburbs357 New South Head Road
DOUBLE BAY, NSW 2028
DOUBLE BAY, NSW 2028
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