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Occupying a prime corner site with dual street frontage, Douglas Hall overlooks the Royal Randwick Racecourse in a gateway location a level 650m to the Randwick Gates to Centennial Park with the light rail to the city just across the street. A blue-chip opportunity for the investor, developer or SMSF buyer, this valuable land bank asset is an ideal low-maintenance portfolio addition with a strong income stream, excellent rental demand and capital growth potential. Occupying a 670sqm parcel of land with triple garaging via Cowper Street, the unique freehold property comprises a grand family sized whole-floor residence and four semi-like apartments on the upper levels. Fresh updated interiors retain their period charm with high ornate ceilings, original joinery and stained glass windows serving as a gracious reminder of the past. Retain as a solid income earner, live in the ground floor residence and rent the upper level apartments or explore the potential to renovate and sub-divide the apartments for future resale (STCA); the possibilities are endless.
* Blue-chip freehold property on 670sqm
* Corner block with a deep garden setback
* 5 apartments offered for sale in one line
* Grand house-like ground floor residence
* Wide terrazzo-floored front verandah
* Stunning entry hall with parquet floors
* 5 huge bedrooms plus a separate study
* Grand living room with a feature fireplace
* Renovated gas kitchen and 2 bathrooms
* 4 semi-like apartments on the upper level
* Leafy elevated views over the racecourse
* All with a sunroom, eat-in gas kitchens
* High ornate ceilings, leadlight windows
* Solid double brick build, huge frontage
* Sunny shared garden with bbq terrace
* 3 lock-up garages (via Cowper Street)
* 300m to the Wansey Rd light rail stop
* Walk to Centennial Park and UNSW
* Annual rental return $166,599 per annum approx (with potential for 10-20% upside)
* Retain, renovate of fully develop STCA
* Exceptional capital growth potential
* Scope for future strata subdivision STCA
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