50 Falcon Street,
Crows Nest, NSW 2065
Other
Key property information
Land area
Floor area
Car spaces
Property extent
Tenure type
Sold on
Map of 50 Falcon Street
WHOLE UNIT BLOCK IN CROWS NEST
- 4X2 bedrooms, each with study + laundry
- Fully lease income: $111,800 pa*
- Estimated fully leased income: $156,000
CBRE, as the exclusive selling agent, is pleased to present an opportunity to acquire a significant residential apartment block
in one of the Lower North Shore’s most vibrant suburbs, Crows
Nest.
50 Falcon Street, Crows Nest benefits from the following key attributes:
• 4 x 2-bedroom apartment block, each with an accompanying study and laundry.
• Fully leased gross annual passing income of $111,800* pa
• Strong positive rental reversion opportunity back to market rents achieved in the area
• Estimated market income of $156,000
• Opportunity to strata and sell down individually (STCA)
• Dual street frontage with laneway access to rear car park
• 4 onsite car spaces with rear lane access
• Chance to acquire a substantial residential asset in a major growth suburb set to benefit from significant infrastructure investment
• Close proximity to Crows Nest commercial core, Woolworth’s (150m*), the future Crows Nest Metro Station (550m*) and St Leonards Train Station (1km*)
The property will be offered for sale via Public Auction on Tuesday 24 October 2017 at 10:30am.
To arrange an inspection please contact the below agent:
Jason Lowry
0419 277 527
in one of the Lower North Shore’s most vibrant suburbs, Crows
Nest.
50 Falcon Street, Crows Nest benefits from the following key attributes:
• 4 x 2-bedroom apartment block, each with an accompanying study and laundry.
• Fully leased gross annual passing income of $111,800* pa
• Strong positive rental reversion opportunity back to market rents achieved in the area
• Estimated market income of $156,000
• Opportunity to strata and sell down individually (STCA)
• Dual street frontage with laneway access to rear car park
• 4 onsite car spaces with rear lane access
• Chance to acquire a substantial residential asset in a major growth suburb set to benefit from significant infrastructure investment
• Close proximity to Crows Nest commercial core, Woolworth’s (150m*), the future Crows Nest Metro Station (550m*) and St Leonards Train Station (1km*)
The property will be offered for sale via Public Auction on Tuesday 24 October 2017 at 10:30am.
To arrange an inspection please contact the below agent:
Jason Lowry
0419 277 527
Crows Nest, 2065 demographic data
The median household income for Crows Nest is $2,614, 26% higher than Greater Sydney's household income of $2,077. Crows Nest has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 54% of property owners in Crows Nest have a mortgage.
4,974
Population
$2,614 per week
Median household income
36 years
Median age
Renters
Most residents
Families
Most households
02 9333 33...
50 Falcon Street
Crows Nest, NSW 2065
CBRE - SydneyLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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