8 Wallace Street

Boutique block, subdivision opportunity or build your dream home - you choose

Investors, developers & home builders will be highly impressed by the great positioning, large land size & future possibilities of this blue chip property offering. This freestanding period home has been converted into seven separate apartments & offers an outstanding prospect with investment rewards. Set on a nearing 700sqm block with a wide street frontage & rear lane access, the boutique development represents a prized opportunity to capitalise on a substantial beachside landholding earning excellent cashflow with scope to improve, re-develop or build your dream home (STCA).

- Current gross annual income of $152,210
- Potential annual income of $192,400 when fully tenanted
- A selection of one, two and three-bedroom apartments
- Well-maintained and presented in good solid condition
- Set on a deep north-to-rear block with dual street access
- Rear access to lock-up garaging for three cars
- Potential for subdivision or further development (STCA)
- Further scope to update, refresh and increase rental returns
- Walking distance to the beach, beachside cafes and city transport

Frontage: 12.3m
Rear Boundary: 12.0m
Length of Block: 57.3m
Total land size: 698.0sqm (rpdata)

* Please note all dimensions are approximate only

Council rates: $762.06 p/q
Water rates: $697.04 p/q

Local Council
Waverley Council
55 Spring Street
Bondi Junction NSW 2022
Phone: (02) 9083 8000
Fax: (02) 9387 1820

Please note: Our open home times are updated weekly. We hold 2 open homes every week up until the Auction day. Please ensure to check our open homes online regularly prior to coming to an inspection as they are subject to change.

Disclaimer: Mint360property have no reason to doubt the accuracy of the property information provided. We request that at all times you inspect the property and make & rely upon your own enquiries.

Contact Agent

Kiki Bermudez

Kiki Bermudez

m 0420 556 557

p (02) 8383 7957

e Email Kiki

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Craig Sewell

Craig Sewell

m 0418 464 465

p (02) 8383 7965

e Email Craig

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For Sale

Price: SOLD

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Property Details

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