191 CLOVELLY Road Randwick, 2031 NSW

DECEASED ESTATE- ART DECO BLOCK OF 6, 1ST TIME OFFERED IN 71 YEARS - EXCEPTIONAL LOCATION

A rare and incredible opportunity exists to secure a pristine block in a highly coveted location just a sea breeze away from Sydney's prized coastal beaches, trendy cafes and all amenities. On the market for the first time in 71 years having been held tightly in the same family for 3 generations, this lovingly maintained gem boasts 6 x 1 bedroom apartments retaining original Art Deco features. Refurbished 10 years ago, with Cesarstone/timber kitchens and stainless steel appliances, a sunny common rear yard and laundry facilities. Hold as a secure investment, or renovate and capitalise on solid rental potential. Great for self-managed superannuation fund!

- At shops, cafes, transport, all amenities
- Close to schools, transport, beaches
- 6 x 1 bedroom units to be sold in 1 line
- Tremendous opportunity to refurbish
- First time on the market in 71 years
- Renovated kitchens/bathrooms/flooring
- Built-ins in bedrooms, laundry facilities
- A rare find usually tightly held


- Total income - Current $136,500 (approx) Potential $171,600 (approx)
- Water rates - $4,041 per annum (approx)
- Randwick Council rates - $5,681 per annum (approx)
- Insurance - $4,520 per annum (approx)
- Land tax - $12,941 per annum (approx)
- Annual fire safety statement - completed 8/11/16
- Land size - 16.92/9.22 x 24.23/28.75 (336 sqm ) approx
- Flat sizes - Flats 1 & 4 - 50 sqm (approx)
- Flat sizes - Flats 2 & 5 - 54 sqm (approx)
- Flat sizes - Flats 3 & 6 - 45 sqm (approx)

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Inspection of this property is available strictly by arrangement only.

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