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Secure Freehold Investment - Entire Apartment Block

123 Bowden Street Meadowbank

Auction 28th June 2022 at 10:30am
27  

X MARKS THE SPOT

123 Bowden Street, Meadowbank represents a rare investment opportunity to acquire the recently developed 'The Bradfield' apartment block in one line. Conveniently located in the heart of Meadowbank the 'The Bradfield' is within walking distance to Meadowbank train station, ferry wharf and within close proximity to Meadowbank village plaza and Top Ryde Shopping Centre.

THE KEY X-FACTORS OF 123 BOWDEN STREET INCLUDE:
Gross Passing Income: $585,000* per annum Substantial Deprecation Benefits 18 residential apartments and 1 ground floor retail 2 level basement car park for 27 cars & motorcycle parking Established Commercial Tenant Final Occupation Certificate Development completed 2020 Value add potential through reversion of rents to current market value Potential for strata subdivision and sell down of individual units Convenient location with train station, ferry wharf & bus stops within walking distance 15km* to the Sydney CBD(*Approx.)

Building Mix:
(2) - 3 bedroom apartments (11) - 2 bedroom apartments (5) - 1 bedroom apartments (1) - Commercial tenancy (27) - Basement Car Parks
For more information or to arrange an inspection please contact the exclusive selling agents:

Lachlan Palm - 0431 723 010
Daniel O'Brien - 0404 860 747

Auction

28th June 2022 10:30am

Price Guide

AUCTION

Property Type

Other (Commercial)

Facilities

27  

Land area approx

558sqm

Floor area approx

1,793sqm

Inspection Details

Please contact Lachlan Palm to arrange an appointment.

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