The property is located on Roberts Road just around the corner from major shopping centre's with all major services being in close proximity.
Situated in the City of Belmont on 1 title, zoned residential (R20/40) with the property size of 2023m2.
The 5 unit residential facility was built in 1976, Construction material is brick and tile. Each unit has a 2 bedroom, 1 bathroom, 1 WC, courtyard and single undercover car parking configuration. The majority of the units have been renovated in recent years.
The units are currently tenanted with a 12-month periodic tenancy in place.
The property is conveniently located and close to all public transport options, the international and domestic airports, Crown Casino and Optus Stadium.
Given its location, this property offers an exciting investment opportunity, with the option to hold and retain the individual units as they are or alternatively look to redevelop the site and upgrade the accommodation to a newer standard.
Council rates for the property are $7,646.59 for 2024/25.
The property is listed for sale at $5,000,000.
For further information and to arrange an inspection of this property, please contact Joe Galantino on 0428 424 351.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 3 | 2 | 188m2 | Year 2024 Month 12 Day 09 | - | Council approved | |
 | 0.11 km | 2 | 1 | -m2 | Year 2024 Month 10 Day 21 | $470,000 | Council approved | |
 | 0.16 km | 2 | 2 | 68m2 | Year 2024 Month 10 Day 08 | $515,000 | Council approved | |
 | 0.19 km | 3 | 2 | 143m2 | Year 2024 Month 09 Day 01 | - | Council approved | |
 | 0.18 km | 4 | 3 | -m2 | Year 2024 Month 08 Day 18 | - | Council approved |