70 Wigram Road

Glebe

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Expressions of Interest

"Ravenscourt" Landmark Residential Apartment Building For Sale In One-Line

Recognised as one of the finest apartment buildings in Sydney's sought after City fringe, "Ravenscourt", exudes rarity, superb architectural design and is remarkable by nature.

With exceptional site and locale characteristics complimenting its residential apartments use and ability to strata title, "Ravenscourt" is an unrivalled opportunity for an astute investor with an eye for detail and return to acquire a prime single ownership landmark apartment building.

The building's highlights include:

14 large fully leased self-contained studio apartments with complying development strata subdivision rights in City of Sydney multi use R1 Zone conservation area setting.

Master craftsman built and restored with visual street appeal and presence, impeccable finishes and state of the art appliances.

Moments away from all amenities, Sydney University ,Glebe Point Road, Harold Park Tramsheds, foreshore parks, Bays Precinct, RPAH, UTS and Inner West/City vibrant pubs, bars, restaurants and coffee shops.

Numerous close by public transport options including light rail to City

Returning $355,000 gross approx. (with very low outgoings) with upside on rents given the very strong rental demand and the demographic of locale and its proximity to a wide range of employment and educational opportunities.

Onsite parking, substantial building depreciation deductions.

Suitable for investors, SMSF, Govt Departments, or other institutional owners who would seek control over the building for a range of residential uses.

For further details or to arrange a viewing please contact Jay King from Harris Tripp on 0402 005 020 or jay.king@harristripp.com.au or Nick Tuxworth on 0405 421 929 or ntuxworth@savills.com.au

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Jay King

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Property: 70 Wigram Road, Glebe

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