97 St Georges Parade, Allawah
Rare Investment Opportunity - Entire Block of 8 Apartments In Allawah
An exceptional and rare opportunity to acquire an entire boutique block of eight apartments in one of Allawah's most sought-after locations. Whether you're a seasoned investor or looking for a secure, high-yielding asset, this fully leased, double-brick block presents an unparalleled chance to secure a turnkey investment with immediate rental income and significant future growth potential. Key Investment Highlights: - Current Rental Income: $194,539.80 per annum – Immediate, stable cash flow - Generous Land size: 850sqm (approx.) with a wide 21m (approx.) frontage - Solid, well-maintained double-brick construction - Built to last with minimal upkeep - All units fully tenanted – receive income from day one! - Mixture of spacious 1 & 2-bedroom apartments (Five - 1 bedroom apartments & Three - 2 bedroom apartments catering to strong rental demand with 5 lock up garages and 2 car spaces - Potential to Strata Title & Sell Units Individually (STCA) for capital uplift - Opportunity to renovate & increase rental yields with simple cosmetic updates - R2 zoning with future rezoning potential in the high-growth rail corridor - Multiple off-street parking spaces, adding extra convenience for tenants - Low vacancy rates in the area, ensuring ongoing rental demand Prime Location – Convenience & High Rental Demand: - Minutes to Allawah & Hurstville train stations – seamless connectivity to Sydney CBD - Close to Hurstville Shopping Centre, top schools, parklands & leisure facilities - High-demand rental area with strong tenant interest ensuring consistent occupancy - Surrounded by major employment hubs, ensuring long-term rental stability - Easy access to major transport links, making it attractive for city professionals - Vibrant lifestyle precinct nearby, with restaurants, cafés, and entertainment options Endless Potential – Multiple Value-Add Opportunities: - Hold & enjoy strong rental returns with a hands-off, low-maintenance investment - Upgrade & modernize interiors to immediately increase rental yields & asset value - Strata title conversion (STCA) – sell off individually & maximize capital growth - Explore future redevelopment potential in this growing, high-demand corridor - Potential to increase rental income through minor refurbishments and modern upgrades - Opportunity to reposition the asset in the market as premium boutique rentals An outstanding, high-growth investment with strong cash flow and significant upside potential. Properties of this caliber in such a prime location rarely hit the market, this is your chance to secure a premium Sydney asset with exceptional short and long-term rewards.
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Get to know the area
Sitting between Kogarah and Hurstville in Sydney’s south, Allawah may lean on the smaller side, but it has everything you want in a suburb, and then some. Quiet and convenient, this little gem’s multicultural community is one of its biggest drawcards, as is its prime location to some of the region’s biggest assets.
Your local office
Belle Property St George is a well-established and highly regarded real estate agency that has been operating for over 40 years in Sydney’s thriving St George region. Committed to delivering a suite of services that span across residential sales and property management, the leadership team – Michael Kaye, Kristina Lee and Mark Somboli – oversee four strategically located Belle Property St George offices, Kogarah, Allawah, Connells Point and Penshurst.
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