24B and 24 Arthur St, Randwick, NSW 2031

Block Of 4 Semi-Sized Apartments For Sale In One Line

The NSW Government's updated COVID-19 safety plan states open homes are permitted with no more than one person per four square metres indoors and one person per two square metres outdoors. Face masks must be worn in indoor areas and people must check in using the app.

Unique to the market, this entire block of semi-sized apartments presents an extraordinary opportunity in the heart of Randwick's university and hospital precinct. A blue-chip landbank asset for the developer, SMSF buyer or investor with a strong income stream, high rental demand and capital growth potential, the four two-bedroom apartments are presented in excellent condition and all come with parking. Retain as a sound investment, renovate the existing apartments or explore the potential to further develop and create a luxury boutique development with DA approved plans for a 12 room boarding house and concept plans available for a new block of apartments (STCA). The character-filled 1940s double-brick block is set on 367sqm on the corner of Botany Street, opposite Writtle Park, with Belmore Road's shopping hub at the end of the street.

+ Gateway location a short walk to UNSW and PoW Hospital
+ For sale in one line, potential for strata subdivision STCA
+ 4 semi-like apartments with 2 entries and parking for 4 cars
+ Polished timber floors, classic high ceilings, 1 common wall
+ Well-presented interiors with scope to renovate/add value
+ 2 with an internal laundry and 2 with a shared laundry room
+ Low-maintenance portfolio addition with high rental demand
+ Concept plans to redevelop with scope for a 2nd storey STCA
+ DA approval for a 12 room boarding house with 2 car spaces
+ 36m frontage to Arthur St, 350m to the High Street light rail

Century 21 Armstrong-Smith are real estate experts based in the heart of Bondi Junction in the Eastern Suburbs and are proud to present this fantastic property. We look forward to offering you world class customer service for the 21st Century.

DETAILS: Nicholas Armstrong-Smith 0419 273 703

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