Erskineville, New South Wales

$1,906,184

Property Description

Rare Inner-City Management Rights in Sydney - Proj. NET $544K | Resort Brokers ID : OTP004746

Resort Brokers ID : OTP004746

  • Two uniquely designed buildings featuring very distinctive architecture.

  • 175 residences comprising one and two-level terrace-style homes, apartments and penthouses wrapping around a lush internal courtyard.

  • Manageable caretaking & cleaning duties with a music room and courtyard as the only common areas.

  • Currently under construction, with an expected completion of February 2018.

  • Of the 175 apartments, approximately 105 will form the letting pool.

  • Basement parking on two levels.

  • 7sqm freehold strata-titled office

  • Option to buy any available stock as a manager’s unit or passive investment.

  • Superb location with doorstep access to 42 hectares of council parkland.

  • 650m walk to Erskineville train station and two stops to city centre.

  • A 5 minute stroll to Erskineville village and a 10 minute drive to the airport.


  • Expressions of Interest with set price closing on Thursday 15th June 2017 at 5pm.



NB: Property inspections are by appointment only

Date updated: 21 Jul 2017 23:00:11

Property Summary

Business Snapshot

Price: $1,906,184Net Profit: $544,624 Remuneration: $260,000

Managers Unit

Office: On Title

Complex Information

Total Letting Pool: 105Agreement Term: 10 years

Marketing Agent


Marketing Agency

Resort Brokers

Resort Brokers

Resort Brokers

Tim Crooks
Resort Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Erskineville, New South Wales 2043 Exact map location not provided

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