SECURE STRATA-TITLED INVESTMENT OPPORTUNITY

CBRE as the exclusive sales agents are pleased to present 438 Liverpool Road, Croydon to the market. First time offered in over 37 years, the property presents an attractive opportunity to acquire a secure strata-titled apartment block investment. The property comprises of 6 apartments, with parking for 6 cars and ample storage on a 733sqm* block.<br/><br/>The apartment mix includes 4 x 2 bedroom and 2 x 1 bedroom apartments across a total GFA of 534sqm* and NSA of 372sqm*. Zoned R3 Medium Density Residential, the property is fully leased presenting a desirable investment opportunity, generating a gross passing income of $112,840 per annum with significant revisionary rental opportunities.<br/><br/>The site has already been strata-titled, allowing the purchaser to easily sell the apartments individually, or hold the property as a secure investment.<br/><br/>The property commands two substantial street frontages to Liverpool Road (16m*) and Greenhills Street (53m*). 438 Liverpool Road is located in a central and easily accessible location with 3 bus stops surrounding the block and Croydon Train Station only 600m* from the property.<br/><br/>438 Liverpool Road, Croydon benefits from the following key attributes:<br/>- Fully leased with a gross passing income of $112,840 per annum<br/>- 6 apartments with parking for 6 cars<br/>- Strata-titled with the ability to sell-down each unit individually or hold as secure income<br/>- Generous 733sqm* block<br/>- NSA: 372sqm* | GFA: 534sqm*<br/>- Significant revisionary rental opportunities<br/>- Dual street frontages to Liverpool Road (16m*) and Greenhills Street (53m*)<br/>- Desirable R3 Medium Density Residential zoning<br/>- Within proximity to an array of local amenities, including Greenhills Early Learning Centre(47m*), The Strand Retail Precinct (500m*), Croydon Public School (1km*), AshfieldAquatic Centre (1.1km*) and Ashfield Mall (1.2km*).<br/><br/>438 Liverpool Road, Croydon will be sold via an On-Site Auction on Wednesday, 18 May 2022 at 2:30pm.<br/><br/>*Approx