30 Burke Way, Berkeley NSW 2506
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 2175sqm – 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 2175 sqm | Zoning R2 – Low Density Residential
* – projected rent income on newly completed 12 month leases based on mostly 6 monthly turnkey rental increases.