102-104 Elswick Street, Leichhardt, NSW 2040

These buildings are in a prime location and feature twelve studio apartments comprising of one bedroom, one bathroom plus kitchenettes. 

The double brick construction with a sturdy concrete slab also includes a sundrenched yard for all occupants to use and enjoy. This is a fantastic option to benefit from the income of two separate dwellings, the current rental return here is $196,040 per annum with great scope to improve.

The property is ideal for those seeking a high yielding cash flow investment or addition to a self-managed Super Fund. Whilst the property can be held as is it also has the bonus of future upside by adding to the existing improvements or benefiting from proposed future NSW Government rezoning.

• Current return is $196,040 per annum and could easily be improved
• Well maintained floorplans featuring subtle period charm
• Double fronted block (Consists of two separate buildings)
*Total of twelve (12) studios consisting: 8 studios in separate two storey building & 4 studios in charming period terrace
• Access to common area with ample parking
• Two storey solid brick building enjoying minimal stairs
• Ideal investment or Self Managed Super Fund addition
*Great opportunity to add value by extending or refurbishing the existing buildings
*Perfect cash flow purchase on large block of approx.747sqm on two separate titles
• Moments from MarketPlace Leichhardt, Italian Forum, Schools and the CBD
*Exciting upgrades are coming to Leichhardt Oval & Leichhardt Park Aquatic Centre

Outgoings:
Water: $2,477.93 per quarter
Council: $1,966.00 per quarter
Land Tax for 2024:  $35,326.65 (on a single land holding basis)

Watch the locals whilst enjoying an Italian pastry at Mezzapica or the finest hand-blended roasted coffees at Caffe Bianchi. Fine dine at one of the multi-award winning restaurants Elio and Grappa. Sip strong coffee and feast on pasta amongst the shabby decor of Bar Italia. Watch a gelato-making demonstration or join in a make your own at De Luca La Cremeria on Norton Street.

Join the late night dining scene at one of the friendly authentic Italian restaurants that line Norton Street and the Italian Forum. Enjoy a Campari in the Martini Bar or the Leichhardt Hotel and watch the Norton Street scene from above. Grab a book and a coffee at Shearers or the Berkelouw book shop. Enjoy an arthouse movie at the Palace Norton Street Cinema.

Henry Burke 0418 23 86 36 
Craig Pontey 0419 40 40 40