New
Auction 27/07/24
16 Renown Avenue, Wiley Park NSW 2195
Apartment
1898
Super rare block of 9 townhouse style units to be sold in one line
Tightly held, blue chip investment block of 9 units comprising of 7 x 2 bedroom, 1 x 3 bedroom & 1 x 1 bedroom units in prime location sitting on a healthy 961.1sqm block of land. Some standout features include:
- 7 x 2 bedroom, 1 x 3 bedroom & 1 x 1 bedroom units
- All townhouse style (2 levels) with own private entrances
- All with open plan living & dining areas
- Most units have updated kitchens, some have older style kitchens
- All units have older style bathrooms
- All units have internal laundries
- Solid full brick construction
- 8 units have allocated parking (potential for more)
- Zoned: R3 medium density residential
- Frontage: 15.24m Land size: 961.1sqm
- Only 550m to Wiley Park shops & train station
- Potential gross return of 6.5% based on projected rental return
The property is under rented and has an existing annual rental income of $186,160 (1 x 2 bedroom unit is vacant) with potential rental upside to increase rents in line with market and current demand to $234,000 (conservatively)
Golden opportunity for the astute investor to capitalise on this wonderful offering and reap the rewards to unlock this properties potential.
Council rates: $8,208 per annum approx.
Water rates: $10,296 per annum approx.
CONTACT: Marc Dissinger 0413 750 868 or marc@ralphfirst.com.au
- 7 x 2 bedroom, 1 x 3 bedroom & 1 x 1 bedroom units
- All townhouse style (2 levels) with own private entrances
- All with open plan living & dining areas
- Most units have updated kitchens, some have older style kitchens
- All units have older style bathrooms
- All units have internal laundries
- Solid full brick construction
- 8 units have allocated parking (potential for more)
- Zoned: R3 medium density residential
- Frontage: 15.24m Land size: 961.1sqm
- Only 550m to Wiley Park shops & train station
- Potential gross return of 6.5% based on projected rental return
The property is under rented and has an existing annual rental income of $186,160 (1 x 2 bedroom unit is vacant) with potential rental upside to increase rents in line with market and current demand to $234,000 (conservatively)
Golden opportunity for the astute investor to capitalise on this wonderful offering and reap the rewards to unlock this properties potential.
Council rates: $8,208 per annum approx.
Water rates: $10,296 per annum approx.
CONTACT: Marc Dissinger 0413 750 868 or marc@ralphfirst.com.au
Inspections
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Auction
Saturday 27 July, 12:30pm
On Site
Key details
Bedrooms:
18
Bathrooms:
9
Garage Spaces:
8
Property type:
Apartment
Other Details
Lot:
46
Plan Type:
DP
Plan:
7034
Legal description:
46/7034
Next Inspection:
Maps and area information
Block information
Legal description: 46/7034
Measurements are estimates only and based on data provided under licence from
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Property history
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Wiley Park suburb information
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SummaryMedian sales
Average Age
33 years
Population
10,016
Listing ID: 182637372. This listing has been viewed 1 time. It was first displayed on 30/06/2024 and last updated on 02/07/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.