New Lambton

91 Russell Road

16 8 8 Land: 963 SQM

SOLD - $3,200,000
Method of sale: Auction

Golden Investment Opportunity - 8 x 2 Bedroom Units

Sitting in the heart of lovely New Lambton, this unique property is a stone's throw from great cafs, restaurants, butcher shops, bakeries, an IGA supermarket, and much more. For sale for the first time since this block was built, it's truly one of the finest pieces of New Lambton real estate to hit the market in years. Set on an expansive 963sqm block with approximately 20-metre frontage and dual access, this property is an exceptional investment with scope to increase that return on investment.

- Viewings by appointment; please contact Todd Mason
- One title consisting of eight 2-bedroom units, all currently tenanted with longstanding tenants
- Separately metred for electricity, shared laundry facility
- Four units on ground level and four on Level 1; car parking via lane access
- Further development opportunity with vacant land at rear (subject to council approval)
- Individual floorplans available on request; zoned low density residential (R2)
- Pest and building reports readily available
- New windows throughout complex
- Opportunity to add value and increase current return
- Opportunity to strata title individual units (subject to council approval)

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Auction

On Site Saturday 21st September 10:30am

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