This tri-level 1930's residential and commercial freehold corner building is located just 500metres to Central station, close to UTS and the CBD district and close proximity to Sydney's most exciting urban development of Central Park (ex-Kent Brewery Site).

Once a commercial and industrial domain, Chippendale is witnessing the beginnings of a move towards residential development to meet the inner city's increasing demand for housing close to the CBD. This is your opportunity to be at the forefront of the reshaping of Chippendale - Sydney's next residential playground.

• Entire building spanning 750m2 approximately over three levels
  
• Great low risk investment currently generating a gross income of over $175,000 pa approx
  
• Prime for redevelopment to either Strata conversion or full refurbishment to further capitalise on this growth area
  
• Former warehouse currently comprising 7 x 2 bedroom/1 bedroom Residential Flats and 1 x Retail
  
• Secure garage parking for seven vehicles
  
• Residential flats feature warehouse proportions, updated kitchens and bathrooms
  
• City fringe location short bus ride or walk to CBD, Broadway shopping centre, Prince Alfred Park and swimming pools and multiple dining options
  

Land Area: 319m2 approx
Internal Area: 750m2 approx
Rental Income: $175,240 per annum approx.
Council Rates: $6569 per annum approx
Water Rates: $2486 per annum approx
Electricity (Flat 1 + 2): $2750 per annum approx
Gas (retail only): $522 per annum approx
Land Tax: $9,572 per annum approx
Insurance: $10,359 per annum approx

Figures are approximate only.