82 Lyons Road

Drummoyne NSW 2047

Don't miss this standout opportunity to secure a tightly held block of 4x2-bedroom art-deco apartments! The block sits on a 468sqm parcel of land and the apartments are of a sturdy 1960s build that has been meticulously maintained and renovated over time by the same owner. The apartments themselves, in pristine condition are mirrored to each other, while further enjoying a large common recreational area at the rear. A superb investment or potential development opportunity (STCA) that enjoy attractive returns with scope for further growth, it encompasses a premier location, footsteps to the heart of Drummoyne, Drummoyne Oval, and is a walk to waterfront, parkland, schools, shops, cafes, restaurants, and public transport. Stone throw from Birkenhead Shopping Precinct, scenic Bay Run & Ferry Wharf.Key Features: Two and a half storey sturdy double-brick construction. Secure building with intercom system. Comprises 4x2 bedroom art-deco apartments in excellent condition, one of which has been recently renovated throughout. Apartments offer spacious living areas, bedrooms with built-ins, bathrooms complete with bathtubs, A/C throughout, and eat-in kitchens with new appliances including dishwasher plus new blinds, light fittings, and floorings throughout. Top-floor apartments boast water views with the rest offering leafy vistas. Generous rear recreational area, clothes lines, and communal laundry area with individual storage amenities. Attractive location, short walk to parkland, public transport, waterways, and sought after amenities. Market Rent - $112K p.a. (approx) - Potential Rent - $135K p.a. (approx). Council Rates $763.46 per quarter approx. Water Rates $816.52 per quarter approx.