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6 Unit Residential Block with R3 Zoning

Address

216 Alison Road, RANDWICK NSW 2031

Size

Total Area: 422 m2

Details

I.B Property is pleased to present 216 Alison Road, Randwick, a prime investment opportunity comprising six apartments in-one-line thoughtfully designed by leading Architects MNHDU.

This fully leased residential property boasts a mix of four x 3-bedroom, 2-bathroom residences, and two x 1-bedroom, 1-bathroom units, each with allocated car spaces including four lock-up garages.

Situated on a generous land area of 603sqm*, the property generates a substantial gross income of $313,300 per annum*, offering a solid return. Benefiting from R3 Zoning, the updated apartments feature modern amenities, with the top floor units enjoying sweeping ocean views.

Located in the prestigious Eastern Suburbs, the property offers convenience with proximity to UNSW, Prince of Wales Private Hospital, Royal Randwick Race Course, Sydney Children’s Hospital, Randwick Village, train stations, and the light rail, making it an attractive option for investors seeking a superior location with strong rental demand.

Key Highlights:

– 6 apartments in-one-line including 4 x 3 bedroom, 2 Bathroom, 1 Car spaces and 2 x 1 bedroom, 1 bathroom, 1 car space.
– Fully leased investment opportunity
– Land area 603sqm*
– 6 x car spaces // 4 x lock-up garages
– R3 – Medium Density Residential
– Newly updated apartments
– MHNDU Designed
– Ocean views from top floor
– Close to UNSW, Prince of Wales Private Hospital, Royal Randwick Race Course, Sydney Children’s Hospital, Randwick Village & only 600m to Light rail.

216 Alison Road Randwick will be for sale via Public Auction on Thursday, 13th of June 2024 at 10:30am.

For more information or to organise an inspection please contact the exclusive selling agents:

Shane Blackett 0410 093 392
Izabella Manning 0411 822 772

Price

Auction Thursday, 13th June at 10:30 am

Property Type

Land/Development

Contact

  • Shane Blackett
  • Director
  • P. 9221 3333
  • M. 0410 093 392
Contact Now

Contact

  • Izabella Manning
  • Sales & Leasing Associate
  • P. 9221 3333
  • M. 0411 822 772
Contact Now