508 Mowbray Road Lane Cove, 2066 NSW

GOOD YIELD, GREAT POTENTIAL

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Renovate, strata and sell, redevelop (STCA) or simply hold as a solid investment. This older low rise blonde brick block of 10 x 2-bedroom apartments on 1099sqm offers good rental returns with the opportunity for so much more.
- Spacious original condition apartments with generous living areas, covered balconies, built-ins, separate kitchens and internal laundries
- Side driveway to 10 undercover car spaces, storage rooms and a level rear garden
- Two separate entrance doors to front and rear buildings, both with internal access to undercover parking area
- At the quiet end of Mowbray Road, 1km from Lane Cove village shopping centre, restaurants and amenities and with buses at the door
- Popular with tenants, enjoying high occupancy rates
- The block offers a range of opportunities for redevelopment as apartments or townhouses (subject to Council Approval)
- Rare opportunity to buy a whole apartment block on a generous parcel of land
- Explore your options, buy the block and realize the potential
Land: 1099 sqm

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