1-10/12 Bourke Street, Adamstown, NSW 2289

A rare and unique opportunity to secure 10 x 2 bedroom Council approved units located in an R3 Residential Zone and within the new NSW "Transport Oriented Development" zone. A fantastic long-term Superannuation, refurbish and Strata Title STCA, or redevelop opportunity.  
These units were built in 1979 by "Tuscan Building" well know builders of that time and have been retained and well cared for by the one family from the time of construction till present day with numerous refurbishments over that time.
Construction is "Class 2" offering slabs, support pillars and lintels all in concrete with infill exterior veneer brick and interior brick and rendered walls.

The building is positioned on a 1214sqm* block offering the following -

GROUND LEVEL FLOOR SPACE - 360sqm* Encompassing a care takers Toilet, electricity meter room, storage room and visitor car park with 10 tandem carparks (20 car spaces accommodating 2 medium size vehicles for each unit).

FIRST LEVEL FLOOR SPACE- 363sqm* 5 x 2 bedroom units with 1 bathroom and balcony.
Units floor space inclusive of balcony varies from 65sqm* - 80sqm*.

SECOND LEVEL FLOOR SPACE - 363sqm* 5 x 2 bedroom units with 1 bathroom and balcony.
Units floor space inclusive of balcony varies from 65sqm* - 80sqm*.

* Denotes - All sizes Approximate
"ORIGINAL CONSTRUCTION PLANS AVAILBLE ON REQUEST".
PEST/BUILDING REPORTS AVALIBLE

TOTAL GROSS INCOME - $4,250.00 P/W X 52 - $221,000 P/A

OUTGOINGS
Council Rates - $3,661.74*
Waste/Rubbish - $6,714.17*
Water Rates/Usage - $11,982.36*
Insurance - $4,180.00*
Management Fees - Apple Property 6.6% - $14,586.00*
TOTAL OUTGOINGS -$41,124.27 P/A*

NET INCOME - $179,975.73*

Approximate*