167 Sydney Road

Fairlight NSW 2094

Inspections are strictly by appointment at set times on Wednesday and Saturday. Call Shane to discuss your interest and book an available time slot.

LOCATION
Near Fairlight's very popular strip shopping centre, just up the hill from Fairlight Beach or South Steyne, on express city transport, and within Manly West Public School catchment. Walk to the wharf and catch the free Hop Skip and Jump Bus home. Fairlight is just out of the hustle and bustle of Manly and has so many options from Ryan's gourmet Butchery, Nut's fabulous pastries, Andrews sumptuous burgers, modern Italian, or traditional Chinese. With an IGA, bottle shop, and various medical facilities Fairlight has everything a local might want and needs within walking distance of this property.

FEATURES
Avon Lea Court is a classic art deco building which has been sympathetically renovated, retaining many of its original features such as leadlight windows, high ornate ceilings, and large spacious rooms typical of the era. Fortunately, whilst modernized, past owners have been careful not to interfere with the bones of the building.

The property comprises four 2-bedroom apartments, each with a spacious sunroom (4.6 x 2.5m) which is ideal for a work from home office, or extra guest accommodation. All four apartments enjoy shutter blinds, child safety window locks, restricted key access, ceiling fans with LED lights in both bedrooms, built in robes (two of the units have BIR's in both bedrooms), eat in gas kitchens and internal laundries in a modern bathroom.

One apartment has access to a large lock up garage, two other apartments have their own separate storerooms. There is room in the front garden area to provide additional parking subject to council approval.

POTENTIAL
As with all buildings, there is the potential to make improvements to bring your investment up to its best and highest: additional parking and improved storage, refurbishment of facilities. All of which should result in increased rental returns.

THE NUMBERS
Gross Income PA: $153,000
Outgoings 2021: $21,609
Fully leased to February 2023

For those parties who are interested, we have commissioned a comprehensive building and pest report and can provide a break down of the numbers.

It is not our intention to entertain offers prior to auction.