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Offered to the market for the first time in over 50 years, this is your chance to acquire a landmark property portfolio in one of Newtown's most coveted locations. Spanning approximately 992sqm approx. with an impressive 33m frontage, this is a remarkable chance to secure a collection of five double-storey Victorian terraces, alongside a striking three-storey corner Victorian mansion.
Constructed circa 1893-1897, this distinguished offering represents an extraordinary opportunity for astute investors and developers to acquire an asset steeped in history with limitless potential for value enhancement.
Investors can immediately capitalise on Sydney's tight rental market, which is characterised by low vacancy rates and strong housing demand. The existing dwellings in this prime location offer high tenant appeal that ensures steady income and secure rental returns from day one. Additionally, there is significant renovation upside. Through upgrading the properties, investors or developers can substantially boost rental yields and long-term value of the assets. The diverse strategy options, whether choosing to hold the properties as they are, enhance them gradually, or subdivide and sell individually, allows for tailored investment approaches to maximise returns.
Open for inspections will be held on:
Thursday 13th March 12:30pm - 1:15pm
Remember to mention you found this property on DevelopmentReady
Offered to the market for the first time in over 50 years, this is your chance to acquire a landmark property portfolio in one of Newtown's most coveted locations. Spanning approximately 992sqm approx. with an impressive 33m frontage, this is a remarkable chance to secure a collection of five double-storey Victorian terraces, alongside a striking three-storey corner Victorian mansion.
Constructed circa 1893-1897, this distinguished offering represents an extraordinary opportunity for astute investors and developers to acquire an asset steeped in history with limitless potential for value enhancement.
Investors can immediately capitalise on Sydney's tight rental market, which is characterised by low vacancy rates and strong housing demand. The existing dwellings in this prime location offer high tenant appeal that ensures steady income and secure rental returns from day one. Additionally, there is significant renovation upside. Through upgrading the properties, investors or developers can substantially boost rental yields and long-term value of the assets. The diverse strategy options, whether choosing to hold the properties as they are, enhance them gradually, or subdivide and sell individually, allows for tailored investment approaches to maximise returns.
Open for inspections will be held on:
Thursday 13th March 12:30pm - 1:15pm
Remember to mention you found this property on DevelopmentReady
57-67 Station Street, Newtown, NSW 2042
