This Unit has been held by the current owners for more than 35 years.
The location is that good.
(NB ownership was moved from one entity to another last year but the both entities are controlled by the same persons)

Both bedrooms and the end of the balcony overlook the huge park across the street.
There is a lock-up garage - mostly for storage - there is no need for a car.
It is a short stroll to Macquarie Centre / Uni / Train station.

With the Balcony included the Unit is 67 square meters
The garage is over 15 square meters
The total area of the unit + balcony + garage = 82.6 square meters

The building is in a redevelopment zone
and will probably be redeveloped in the next few years.
The land next door is already being redeveloped.
The unit holders in the building previously had an agreement to sell together
setting a precedent for a similar agreement in the future.
When the redevelopment happens there will be a jump in the values in this building.
exactly when this will happen is not clear.
The current owners are in their late 80's and have decided not to wait.

Council rates $333 per Quarter
Water rates $70 to $80 per quarter - depending on water use
stata fees $690 per quarter
Total outgoings just under $4400/yr. (around $85 per week)

Due to the convenient location the unit has had the same tenants for the past 17 years.
It has just been vacated and is completely un-renovated.
So you can renovate and take the profit now
or wait until the redevelopment occurs and profit more later

Inspections are available by appointment.

The Phone Code for this property is: 37222. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.