Ray White Projects & Developments is pleased to present 118 Frederick Street, Ashfield.

This rare offering represents an opportunity to secure an existing low maintenance income-producing asset, centrally located in one of Sydney's most sought-after growth locations.

The building is fully leased, representing an extraordinary investment in its own right, with further potential to strata-subdivide and/or refurbish (subject to Council approval) to add significant value.

The offering comprises a residential block of 12 x 2-bedroom apartments with 12 parking spaces and dual access from Frederick Street and from the rear of the property.

Property features include:

• 12 x 2 bedroom apartments
• 12 car parking spaces
• Low maintenance block
• Highly accessible with wide street frontage and rear lane access
• Potential to strata-subdivide or refurbish (subject to Council approval) to add value
• Tightly held pocket of real estate in excellent lifestyle location
• Moments from Hammond Park & JG McCartney Playground
• Close to public transport
• Total Land Area: 955sqm (743sqm + 212sqm)
• Zoning: R3 - Medium Density & SP2 - Infrastructure Road and Traffic Facility under Ashfield LEP 2013
• Height of Building: 12.5 metres
• Floor Space Ratio: 0.7:1

This opportunity is offered for sale via Online Public Auction on Tuesday 19th October 2021 at 10.30am AEST (unless sold prior).

Inspections are to be conducted strictly by appointment.

For further information and further Due Diligence including an Information Memorandum please contact the selling agents:

Tim Abbott 0425 285 833
David Tockar 0402 021 638

*All information contained herein is gathered from sources we consider to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries.