32 Albert Street
Petersham
Sold
1 / 27 32 Albert Street, Petersham NSW 2049
1 of 1 32 Albert Street, Petersham NSW 2049
A beautifully restored period building comprising 8 x 1 bedroom apartments on a single title in one of the area's premier addresses. Built in the 1890s and enlarged mid 1900s, the current owners have meticulously restored and renovated the building and gardens over the past 20 years. The multi-unit residential building is fully leased with a combination of long and short term tenancies, with strong demand over 10 years.
Highlights
- Current passing income (annualised) $269k pa
- 8 x 1 bedroom apartments. Single title
- Prime corner position. Single lock up garage
- 6 long term tenancies, 2 short term
- Building is fire compliant, building to code
- Development + strata subdivision approval
- High standard apts. Strong rental history
- Each apartment has storage in basement
- Outstanding invest. asset, fully capitalised
- $27,235 annual depreciation deduction
Features
- Internal size approx 363m2
- Land size 647m2
- Council Rates $5708 / yr
- Water Rates $6200 / yr
