30 Burke Way, Berkeley NSW 2506

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Rare Opportunity In Emerging Lakeside Location

A rare opportunity presents for astute investors looking to value add their investment portfolio or self-managed superfund with this established residential block that incorporates a mix of 16 one bedroom and/or bed-sits flats – all minutes’ walk to local community shops, clubs, council pool, schools and Tuggerah Bay boat ramp, Lake Illawarra.

With a projected gross annual rent of approximately $155,000pa*, the block comprises two separate full brick buildings for a total building area of 575sqm over two combined lots totalling 1948sqm – WCC Zoning R2 Low Density Residential.

Considerable scope exists to further develop the site and/or maximise rental returns with timely refurbishments when they fall due and/or the construction of additional further dwellings or similar.

For further details and inspection please call David Meikle direct on 0412 422 294

WCC Rates $7500pa | Water $11,500pa | Land Size 1948 sqm | Zoning R2 – Low Density Residential

* – projected rent income on newly completed 12 month leases based on mostly 6 monthly turnkey rental increases.