221 Haldon Street,
Lakemba, NSW 2195

Development Sites & Land • Other

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Entire block of 9 solid units with huge upside potential

Investors, renovators, and developers will all be very attracted to this solid full brick complex of nine apartments (one of which is townhouse style), representing an extremely rare opportunity to acquire a potential-packed income generating asset in the heart of Lakemba. All units are currently tenanted to earn immediate rental returns and come with excellent scope to upgrade or modernise. The property offers a superb real estate prospect with massive upside, lots of growth and enormous potential to increase value when renovated or redesigned.

- 9 x two-bedroom, one-bathroom apartments to be sold in one line
- R4 High Density Zoning, Potential full income of $241,800 gross per annum (approx.)
- Fully functional kitchens plus bathrooms and internal laundries
- Private balconies, elevated views to city, 9 garages and off street parking
- Outstanding growth and rental scope with solid annual returns
- Potential to further update apartments and increase rental yield
- 600m walk to Lakemba Heavy Rail/ Future Metro Station, multiple bus stops
- Easy access to major arterial roads such as M5 or M4 to CBD and airport
- Stone's throw away from ALDI, eateries, schools and shops
- Scope to explore development possibilities to fully capitalise (STCA)

Lakemba, 2195 demographic data

The median household income for Lakemba is $1,227, 41% lower than Greater Sydney's household income of $2,077. Lakemba has a younger age profile compared to the rest of Greater Sydney (median age 32 vs 37). Property ownership data shows 47% of property owners in Lakemba have a mortgage.

17,092

Population

$1,227 per week

Median household income

32 years

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