2b Market Street, Drummoyne.
Rare opportunity to secure an entire boutique apartment block
A truly exceptional offering, this boutique block of four apartments is held on a single title and presents a rare opportunity to secure an entire residential building in one of Drummoyne's most tightly held pockets. Positioned within a quiet, tree-lined street, just moments from The Bay Run, waterfront parklands, Drummoyne Public School and village conveniences, the property offers immediate rental income with outstanding long-term potential. - Four spacious apartments, each offering two bedrooms, one bathroom and one car space - Current rental return of up to $156,520 per annum - All four apartments currently leased, providing immediate income - Approx. 512sqm parcel with a 13.7m frontage - R2 Low Density Residential zoning - Entire building comprehensively refurbished in 2012 - Recent replacement of all hot water tanks within the complex - Recent major roof and gutter replacement - The only apartment building on the street, offering a unique and tightly held investment - Solid 1960s brick construction with a north-west facing rear garden - Exceptional scope to invest, renovate further or explore future redevelopment potential (S.T.C.A) - Easy walk to The Bay Run, waterfront reserves, local cafés, shops, restaurants and city-bound transport
Get to know the area.
This inner Sydney waterfront neighbourhood is all about shopping and harbourside living. Bordered by Parramatta River and Iron Cove, locals gravitate towards the water’s edge. Although quiet by nature, Drummoyne draws attention to itself for its outlet shopping and its slice of the popular Bay Run.
Your local office.
Belle Property North Shore is an award-winning, boutique real estate group operating across five strategically located offices in Lane Cove, Hunters Hill, Lindfield, Ryde and Willoughby. Renowned for innovation, exceptional professional standards and excellence in real estate services, the group delivers a full suite of sales, property management and investment solutions.
Four of the area’s most prominent and awarded principals, Simon Harrison, James Bennett, Ramsy Batshon and Patrick Lang, lead the cohesive and market savvy team of highly trained real estate professionals which includes sales agents, property managers, property investment managers and marketing professionals, along with our dedicated support staff.
Having sold over 360 local homes and managing more than 2,000 rental properties in the past 12 months, the teams at Belle Property North Shore have the strongest connection with more active buyers than any other agency in the region. This depth of buyer engagement continues to support the success of our Hunters Hill team across key local suburbs including Hunters Hill, Woolwich, Huntleys Cove, Huntleys Point, Putney, Tennyson Point, East Ryde, Gladesville and Henley.
As part of Belle Property’s national network of over 210 offices, properties marketed through Belle Property North Shore benefit from exposure to both local and national buyers via a database of more than 4 million property seekers. In addition, through an exclusive partnership with the invitation-only international listings platform, Leading Real Estate Companies of the World (leadingre.com), your listing is also promoted to international buyers across 70 countries, an offering unmatched by other real estate groups.
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