Description
Originally known as Woodlands, a grand residence, 222 Falcon Street has been converted into five flats (1 x 1 bed, 3 x 2 bed and 1 x 4 bed). The property could be retained for long term investment or, subject to council approval, extensively renovated or extended. There may also be the possibility of strata conversion. The site has a very impressive frontage of 20 metres to Falcon Street and is directly opposite St Leonards Park. It is within easy walking distance of the North Sydney CBD, is only 100 metres from the Warringah Expressway and has bus transport at the door. Neutral Bay shopping centre including The Big Bear Centre and The Oaks Hotel are only a 5 minute walk. From the rear and particularly the upper floors the flats enjoy uninterrupted views north towards Cammeray. The total site has an area of 885m2 with open parking for 6 cars plus a double garage and storeroom. The current gross income of $83,520 per annum is considered well below the potential income. This property should appeal to investors, builders and developers as opportunities like this are becoming more and more difficult to find, especially large sites with such potential in prime locations. Inspect Wednesdays and Saturdays between 11 a.m. - 12 noon Contact: Mark T Smith 0418 523 007 or Rory Harper 0412 155 518
Was for Auction
- Publish Date: 09-10-2007 21:57:51
- Contact name: Mark Smith
- 106 times displayed
- Location: Australia
- Business: Peter Hill First National
- 11
5 
8 
- Price: $2000000
