Auction

64-66 Buckingham Street, Surry Hills, NSW 2010

Block of 13 Units with High Yields & Investment Potential

This rare and exceptional opportunity is perfect for developers and savvy investors. Featuring a refurbished block of thirteen (13) one-bedroom apartments, the property is ideally located in the heart of Surry Hills, just moments from the CBD and Central Railway Station. With secure parking for three vehicles and convenient rear lane access, this boutique block offers a superb blend of functionality and appeal. Promising excellent rental returns and strong potential for future capital growth, this is an investment not to be missed.

The property consists of:

* 13 x 1-bedroom units, all with balcony, bathroom and eat in kitchen
* 4 Levels of accommodation (including ground floor)
* 3 x Carspaces in security parking
* Ground floor common area with lobby, office, storage and powder room
* Site area 239m² Approx.
* FSR 1.5:1
* Height of Building: 9m
* Zoned MU1: Mixed Use
* Dual street frontage (rear lane access from Little Buckingham Street)
* Located in a peaceful, tree-lined street
* Close to Central, the light rail, buses, Chinatown and more
* Less than 250 meters to Prince Alfred Park & Inner Sydney High School
* Currently returning $287,973.92 Per Annum with potential for greater returns.

Recently refurbished and fully leased to two long-term head tenants, this property offers an immediate yield with the potential for significant redevelopment of existing spaces. Positioned in a highly sought-after location, it provides a vibrant and cosmopolitan lifestyle that appeals to university students and young professionals. Just a short walk from Central Station, Prince Alfred Park, the new light rail, and surrounded by Surry Hills' finest cafes, bars, and restaurants, this address combines city-fringe convenience with unbeatable amenities. Everything you could need is right at your doorstep!

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