16 George Street, Marrickville, NSW 2204

Absolutely fabulous opportunity. 4 apartments on one tittle.  The property is in need of full renovation. Possible extension or redevelopment subject to council approval. 2 storey walk up with full brick construction and tile roof. 

All 4 are currently leased on expired agreements returning $480 per week each. This can easily be increased with renovation.  

Superbly located in a quiet street just around the corner from Marrickville Park. Close to shops and transport with light rail in less than 20mins walk.  

The property comprises 4 x 2 bedroom flats each with combined lounge and dining rooms, kitchenette's, bathrooms and laundries. 

The land measures approximately 430 square meters with a driveway to rear garden and plenty of space for off-street parking. Frontage approximately 11.735 metres. 

Bring your imagination to improve this sound investment.  

Gross annual return $99,840.00 
Council rates $1026.00 per quarter 
Water rates   $976.00 per quarter 
Land Value   $1,910,000.00 (1/7/22)  
Land             430sqm - Frontage 11.73m