On a single title with no strata; a rare opportunity to secure a full block of units in the heart of Punchbowl; a great tenanted investment with potential development upside (STCA). First time offered in 27 years. Eight units in total currently generating $215,800 per annum. Ear-marked for rezoning within the Precinct Plan that coincides with the Metro corridor upgrade. This well-maintained property offers multiple income streams, making it an ideal investment for savvy investors.
Property Features:
- Eight units in total; comprising of six, two-bedroom apartments and two, one-bedroom apartments
- Excellent tenanted investment with potential future development upside (STCA)
- Well kept and well proportioned units with generous bedrooms, functional floorplans and bright living areas
- Low-maintenance block with tidy outdoor areas
Situated centrally, moments from Punchbowl train station, local schools, shopping precincts, parks, cafes and restaurants.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 2 | 1 | 83m2 | Year 2025 Month 02 Day 17 | $442,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 19 | $690,000 | Council approved | |
 | 0.26 km | 3 | 2 | -m2 | Year 2024 Month 11 Day 13 | $1,000,000 | Council approved | |
 | 0.20 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 29 | - | Council approved | |
 | 0.27 km | 3 | 2 | 254m2 | Year 2024 Month 09 Day 19 | $733,000 | Council approved |
