Phone enquiries - please quote property ID 26161.
This iconic sought after property has unlimited potential and is in the heart of Paddington, just minutes to the city, with spectacular city views and 2 street access on 648 sq. meters of land.
The dwelling is positioned at the front of the block, allowing substantial vacant land at the rear, ready for extensions or other forms of capitalization.
The property is currently rented and has a gross holding income of approximately $50,000 PA.
You have the option to hold for future capital gain or renovate into your dream home. Either way this is an incredible property investment that guarantees future growth.
The property is a diamond in the rough and is in the most prime position compared to its neighbor's and peers. Its position ensures its vast city views not to be built out!!
Photo 1 are actual views from the back of the house.
The property is surrounded by new and newly renovated homes as well as 2 x multi million vacant land properties plus 1 property with a cottage on it. These 3 properties recently sold for what is a reported price between 6.5 to 7 million for the 3 properties, and are still to be developed. These properties will not have near the views and potential that this property offers and are earmarked for prestigious, luxurious high end single dwellings that will redefine the market in the area, and have a major positive effect on the value of this property.
The property is priced to sell. Only serious buyers need enquire.
Definitely no agent enquiries please.
The property will be shown by private appointment only.
As to not burden the tenants only serious interested parties in the advertised price range need apply.
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.