Granville 18-20 Hutchinson Street

Outstanding and rare opportunity to acquire this entire unit block of ten (10) units to be sold in one line, with a current passing income of $248,560 per annum. With the 10 units strata approved and strata subdivision completed this is truly a unique opportunity.
Ideal opportunity to capitalise on the current housing shortage and increase rents in line with the market. Further renovations can result in strong rental increases.
Opportunity to renovate and resell the units individually with strata subdivision completed.
Features include:
Great unit mix 10 x 2-bedroom units 12 onsite car spaces. 10 lock-up garages plus 2 visitors parking Site area 1191m2 approximately Strata subdivision completed, all the hard work done Two (2) level walk-up building over carpark Double brick construction Generous floor plan layouts All units with balconies and internal laundries Fully leased with passing rental of $248,560 per annum with scope to increase 500m approximately to Granville Shops and Railway Station 2.8km approximately to Parramatta Westfield, Railway Station and CBDGenuine Sale MUST BE SOLD!

Property Features

• Garages 10