Once in a lifetime opportunity to buy a rare example of a Victorian Georgian style brick farm homestead currently divided into 5 flats. You can convert this residence into a new home for your family at some future date or continue to reap the benefits as an excellent investment with an income of $82,907 projected for the next 12 months.
• Circa 1850-1860 homestead with a two-storey extension built circa 1930. Sandstock bricks, stone foundations, double hung windows with arched upper panes, stone sills and base course, encircling veranda. Local heritage listing on the original homestead
• 100% current occupancy to excellent long-term tenants. Happy and cohesive community feel in the block has been due to careful tenant selection procedures over many years. Tenants love it here!
• 3 flats have 2 beds, and 2 flats have 1 bedroom. All are self-contained including laundry with dryers
• Most of the flats have been refreshed over recent years to ensure a good standard of living is offered to each tenant
• On-site parking for six cars
• Level elevated 1063sqm (Approx) block of land in a quiet cul-de-sac neighbourhood
• Easy walk to Cherrybrook Metro and the Express City bus stop. Easy drive to Castle Hill shops and Metro, High Schools and Public School. Note that this property is within the drawing area for Cherrybrook Technology High School.
Buying now at the bottom of the rental market means you may expect to see rental returns increase in future years.
Enquire and ask for our full information kit. Please wait for agent before entering the property.
*Disclaimer- Annual projected income is based on current daily rent as of February 2022 based on 100% occupancy for the next 365 days and does not take into account possible vacancies, increases in rent etc. Prospects must rely on their own inspection and enquiries. While every care has been taken in producing the above information, no warranty is given or implied to the accuracy. Prospective purchasers are requested to take such action as necessary to satisfy themselves in this respect.
