24 Mackenzie Street, Leichhardt

Loaded with fiscal potential, this tightly-held property has a charming corner block address in a neighbourhood known for its character, accessibility and warm community. Currently the building is divided into two residences that will immediately generate rental income. Going forward it presents excellent scope for a developer to take it to the next level with a smart upgrade that will capitalise on its sensational position (STCA). Schools, transport and Norton Street's celebrated café and dining precinct are all within a walk, and the level north-rear parcel backs onto the quiet leafy grounds of 36th Battalion Park.

Residence 1 has one bedroom, one en-suite and a paved courtyard
High ceilings, big picture window, built-in robe, big eat-in kitchen
Residence 2 has three bedrooms, one bathroom and large rear garden
Two living rooms, large gas kitchen and polished timber floors
Gas heating/hot water, full bathtub and a large storage shed
300m to Children's Centre, 400m to Leichhardt Public School
400m to Norton Street and 450m to bus stop for the city
700m to Palace Cinemas, 850m to Norton Plaza and Coles
1.2km to Marketplace Leichhardt's shops, department stores
900m to the Westlink Motorway for quick access to CBD

Land size: as per DP 493.2m2 and as per Survey 516.7m2
Council rates: $572 per quarter approximately
Water rates: $167 per quarter approximately