64A Jersey Avenue, Mortdale NSW 2223 | Noonan Real Estate Agency

64A Jersey Avenue, Mortdale NSW 2223

ASKING $3,500,000

Suburb: Mortdale

Type: Block Of Units

Water Rates: $7,348 per year

Council Rates: $6,531 per year

0
Bed
0
Bath
0
Car

2.49%

*Rates Based on owner Occupier Home Loan & Are Subject to change without Notice. Rates are correct as of Dec 2020.

Finance

OPPORTUNITY KNOCKS FOR PROPERTY INVESTORS

BLOCK OF 8 UNITS ON ONE TITLE LOCATED IN MORTDALE

LOT 84 IN DEPOSITED PLAN 2997

ASKING $3,500,000

Known as 64A and/or 66 Jersey Ave, Mortdale

This is a once in a lifetime opportunity to purchase a property situated very close to Mortdale shops and public transportation. Rarely does a block of units in this area come on the market and astute buyers know this is a solid investment with great potential gains.

Secure this unique investment before it’s gone!

– 8 x Two-storey, 2-bedroom units on one title
– 5 garages plus additional space currently being used as parking
– Varying condition, from good to poor
– Set on approximately 950 square meters
– Development Zone – Medium Level Residential
– Established area, transport, schools, shopping and amenities all local
– Potential to strata and resell individually (subject to approvals) (this has previously been done in this street, with an identical block)
– Opportunity to improve and increase rents
– Renovate, add yards and more, massive potential (subject to council approvals)

INTEREST RATE 2.99%

Noonan Investor Finance has sourced commercial lending for 2.99% with a 65% LVR. Rates are subject to change. Further rate negotiations can be made on the purchasers behalf on a case by case basis. Speak to Reda Awadalla (Head of Finance) on 0498 550 550 or email him at reda@nre.agency for further finance information.

CURRENT RENTS & LEASE TERMS

Unit 1- $350 per week
Lease Start: 24/09/2020
Lease End: 24/03/2021

Unit 2 – $360 per week
Lease Start: 20/07/2020
Lease End: 18/07/2021

Unit 3 – $360 per week
Lease Start: 14/05/2016
Lease End: 12/05/2017

Unit 4 – Vacant

Unit 5 – $365 per week
Lease Start: 06/08/2016
Lease End: 04/08/2017

Unit 6 – $350 per week
Lease Start: 15/02/2014
Lease End: 13/02/2015

Unit 7 – $365 per week
Lease Start: 27/08/2016
Lease End: 24/02/2017

Unit 8 – $1,477.38 per month

OUTGOINGS (Approximates)

Insurance $6,708 per year
Council Rates $6,531 per year
Water Rates $7,348 per year

For any sale details, contact:
Martin Reyes at 0477 225 511 or email at mgr@nrea.com.au

DISCLAIMER: All potential purchasers must make their own enquiries and verify information with the relevant government bodies, lawyers, insurers. It is advised that potential purchasers take legal advice prior to entering into a contract.

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