Located a short walk to Cronulla Beach, mall and train station, this R4 zoned high-density site represents an amazing opportunity for your next key development or an amazing investment opportunity. The building currently consists of four, two bedroom units and two, one bedroom units. All six units are currently tenanted with a rental return of circa $91,000pa.
Apartment current value breakdown:
Unit 1 – 1 bedroom - $550,000
Unit 2 – 2 bedroom - $700,000
Unit 3 – 2 bedroom - $700,000
Unit 4 – 1 bedroom - $550,000
Unit 5 – 2 bedroom - $700,000
Unit 6 – 2 bedroom - $700,000
Total - $3,900,000
