2b Market Street

Rare opportunity to secure an entire boutique apartment block

A truly exceptional offering, this boutique block of four apartments is held on a single title and presents a rare opportunity to secure an entire residential building in one of Drummoyne’s most tightly held pockets. Positioned within a quiet, tree-lined street, just moments from The Bay Run, waterfront parklands, Drummoyne Public School and village conveniences, the property offers immediate rental income with outstanding long-term potential.

– Four spacious apartments, each offering two bedrooms, one bathroom and one car space
– Current rental return of up to $156,520 per annum
– All four apartments currently leased, providing immediate income
– Approx. 512sqm parcel with a 13.7m frontage
– R2 Low Density Residential zoning
– Entire building comprehensively refurbished in 2012
– Recent replacement of all hot water tanks within the complex
– Recent major roof and gutter replacement
– The only apartment building on the street, offering a unique and tightly held investment
– Solid 1960s brick construction with a north-west facing rear garden
– Exceptional scope to invest, renovate further or explore future redevelopment potential (S.T.C.A)
– Easy walk to The Bay Run, waterfront reserves, local cafés, shops, restaurants and city-bound transport