56 Falcon Street,
Crows Nest, NSW 2065

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SECURE APARTMENT BLOCK INVESTMENT

4x2 bedrooms, each with study + laundry
Gross income: $130,618 p.a.*
512sqm* land area with 4 car spaces

CBRE, as the exclusive selling agent, is please to present 56 Falcon Street, Crows Nest. The property is a secure apartment block investment located just metres from the Crows Nest dining and commercial core. With both St Leonards Station and the future Crows Nest Metro located within 1km* of the property, 56 Falcon Street capitalises greatly from its connectivity to the North Shore and Sydney CBD and potential for future growth.

56 Falcon Street benefits from the following key attributes:

- Currently comprises four large two bedroom apartments each equipped with 1 bathroom, laundry and study
- Gross income of $130,618 per annum* with opportunity to increase to market rent
- Estimated market gross income of $162,686 p.a.*
- 512sqm* land area with 4 car spaces
- R3 Medium Density Residential zoning with 8.5m height limit
- Located just moments to Crows Nest dining and commercial core
- Strong growth suburb in high demand

*approximate

56 Falcon Street will be offered for sale via public auction at AuctionWORKS, Level M, 50 Margaret Street, Sydney on 28 November 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

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$2,614 per week

Median household income

36 years

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