Sold $5,150,000
16 Clifford Street harbours a unique opportunity to purchase a rectangular block of 6 residential apartments in the North Shore. This is a wonderful investment opportunity with all apartments leased. This property has a history of strong rental growth and has the potential for large growth in the future. Nestled in an affluent, idyllic suburb, this is a sought-after parcel of land.
The apartment block is two levels and consists of 4 x 2 bedroom apartments and 2 x 1 bedroom apartments, with a gross rent of approximately $145,924.20 per annum. All apartments have balconies and an allocated car space on the ground floor. Each apartment is spacious with ample natural light, with the front two apartments having a wonderful view from the balcony.
Key Features:
Location
Mosman is a secluded oasis in the North Shore, offering a beautiful coastal lifestyle. The property is within close proximity to the city, making travel convenient, whilst also having ample green surroundings. Located in Mosman, this property is very close to Military Road and the B-Line Spit Junction which has multiple bus stops. This provides easy access to transport, and in turn, a direct commute into the CBD and North Sydney.
Amenities
A variety of amenities are close by including grocery stores, cafes, and restaurants. Mosman Village is a modern, bustling village within walking distance, offering a variety of shops in retail, hospitality and office spaces.
Schools
There are multiple schools in the area, including both primary and secondary schools. Mosman Public School and Mosman High School are nearby, with Queenwood School for Girls close by as well. With close proximately to both public and private schools, this offers a great variety for families.
Zoning
R3 Medium Density Residential*, Height of Building 11 metres*, Floor Space Ratio 1.1, Land Size 446sqm*.
Auction
Auction to take place at Auctionworks Rooms, Mezzanine Level, 50 Margaret Street, Sydney. Commencing from 10.30am with auctioneer Jesse Davidson on the 23/8/2022.
For any enquiries or questions please call Patrick Cowie on 0417 388 621
*Disclaimer: Whilst every effort has been made to ensure the accuracy of the information provided by our vendors, Patrick Cowie Real Estate makes no statement, representation or warranty and assumes no legal liability in relation to the accuracy of the information provided. Prospective purchasers are advised to carry out their own due diligence and investigations.
*All sales/rentals are per annum, quoted areas/measurements are approximations only.
Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website or the information about the property contained on the Website.
Property Code: 276
Unit 1 156-162 Spit Rd, Mosman NSW 2088
0417 388 621
PATRICK COWIE
0417 388 621
JUSTINE COWIE
0413 041 957
