29 Wharf Road Gladesville NSW

Wills Property and I.B Property are pleased to present 29 Wharf Road, Gladesville to the market for sale.

This is a unique opportunity to purchase an entire block of 13 apartments on a single title. This is a wonderful investment opportunity with all apartments leased. The property has a history of rental growth and has the potential for large growth in the future, through a combination of reversion, renovation and repositioning.

The apartment block is situated over two and part three storeys and consists of 11 x two bedroom apartments and 2 x one bedroom apartment, with a current gross rent of approximately $272,707 per annum. All apartments have onsite parking. Each apartment is spacious with ample natural light.

Located in a desirable location in proximity to quality schools, Gladesville Shopping Village, public transport and waterfront parklands underpins tenant demand and cashflow.

This investment will suit family office / high-net worth(s) / developer / builder and is not to be missed.

DETAILS:
- 11 x two bedroom apartments
- 2 x one bedroom apartments
- 4 x garages
- 9 x open car spaces
- R4 High density residential zoning
- FSR 1:1
- Height limit 11.5 metres
- Land area 1,265 square metres
- Gross passing rent $272,707 per annum
- Statutory outgoings total $61,185 per annum

FURTHER DETAILS:
Information memorandum available at open homes.

John Wills FAPI JP
Wills Property
0467 44 38 38

Adam Droubi
I.B Property
0420 807 070

METHOD OF SALE:
- Auction
- 29 November 2022
- 5:00pm
- Level 1/29-33 Bay St, Double Bay NSW 2028

DISCLAIMER:
All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.