33a Rangers Road,
Cremorne, NSW 2090
Development Sites & Land • Other
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Map of 33a Rangers Road
APARTMENT BLOCK INVESTMENT + DEVELOPMENT UPSIDE
- 5 Apartments / Townhouses
- Invest, Add-Value or Develop (STCA)
- R3 Medium Density Residential
CBRE, as the exclusive sales agent, is pleased to present 33a Rangers Road, Cremorne. A significant freehold apartment block investment comprising 1 spacious 2-bed townhouse, 2 x 3-bed townhouses and 2 x 2-bed apartments with development upside (STCA).
33a Rangers Road, Cremorne benefits from the following key features:
-Sensational freehold investment opportunity in a highly tenanted area, underwriting Cremorne’s strong rental demand.
-Comprises 1 x 2-bed townhouse, 2 x 3-bed townhouses and 2 x 2-bed apartments with parking.
-Currently generating a substantial Gross Income of $172,592.86* per annum with opportunity for rental reversion.
-Situated in Cremorne, one of Sydney’s most exclusive Lower North Shore harbourside suburbs.
-Opportunity for future development uplift via favourable planning controls including R3 Medium Density Residential zoning with 8.5m height limit.
-Positioned on a generous land area of 699sqm*
-A short easy stroll to Military Road's bustling hub of lively boutique cafes, restaurants and shops.
-Surrounded by an abundance of luscious parks, pristine coastal walking tracks and bays synonymous with Cremorne.
-Great proximity to transport including the B-Line Bus service linking Sydney’s North Shore to Sydney CBD.
For more information, to arrange an inspection or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx.
33a Rangers Road, Cremorne benefits from the following key features:
-Sensational freehold investment opportunity in a highly tenanted area, underwriting Cremorne’s strong rental demand.
-Comprises 1 x 2-bed townhouse, 2 x 3-bed townhouses and 2 x 2-bed apartments with parking.
-Currently generating a substantial Gross Income of $172,592.86* per annum with opportunity for rental reversion.
-Situated in Cremorne, one of Sydney’s most exclusive Lower North Shore harbourside suburbs.
-Opportunity for future development uplift via favourable planning controls including R3 Medium Density Residential zoning with 8.5m height limit.
-Positioned on a generous land area of 699sqm*
-A short easy stroll to Military Road's bustling hub of lively boutique cafes, restaurants and shops.
-Surrounded by an abundance of luscious parks, pristine coastal walking tracks and bays synonymous with Cremorne.
-Great proximity to transport including the B-Line Bus service linking Sydney’s North Shore to Sydney CBD.
For more information, to arrange an inspection or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx.
Cremorne, 2090 demographic data
The median household income for Cremorne is $2,481, 19% higher than Greater Sydney's household income of $2,077. Cremorne has an older age profile compared to the rest of Greater Sydney (median age 40 vs 37). Property ownership data shows 43% of property owners in Cremorne have a mortgage.
11,263
Population
$2,481 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
04317448...
33a Rangers Road
Cremorne, NSW 2090
CBRE - SydneyLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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