This elegant two-level art-deco block of eight apartments presents a solid investment for many years to come.

Generating over $170,000 per annum rental income, many as long term tenancies, all within a highly popular rental location close to public transport, parks and lifestyle options.

This graceful building boasts lofty ceilings, timber floors and windows, picture rails and fireplace mantels and original interiors have been well maintained yet provide potential to modernise. This unique market offering represents a golden opportunity for the avid investor seeking reliable long term returns on a solid bricks and mortar asset.

Don't miss this one-off manageable development/investment opportunity.

• Generating over $161,000 per annum rental income
  
• Huge 940m2 approximate land area
  
• 8 x 2 bedroom - generously sized and well presented with eat-in kitchens and separate living areas
  
• 3 lock up garages accessed via a single driveway with additional parking
  
• Coin operated share laundry and separate storage room
  
• Gas heating outlets, instant hot water and gas cooking throughout
  
• Large windows wrap the building in private leafy outlooks
  
• Footsteps to Petersham train station and a choice of two shopping strips, Petersham Park pool and endless eateries
  
• CBD buses are provided on nearby New Canterbury Road
  

Land Area: 947m2 approximate
Water Rates: $1,982 per quarter
Council Rates: $1,184 per quarter
Rental Income: $161,643 per annum approx

Electricity: $1,784 per annum approx
Land Tax: $4,322 per annum approx
Insurance: $3,859 per annum approx

Figures are approximate only.