Entire buildings: income-generating opportunities
Income-generating assets for every budget, BresicWhitney is selling 3 unique properties right now.
From subdivided terraces to an entire block of 9 apartments, there are opportunities to secure multi-tenancy properties from Surry Hills to Darlinghurst.
The entire buildings span the $2 million / $3 million / $4 million range, all for inspection below.
4 apartments / 1 terrace
Buyers guide $2.1 million
3 Mort Street, Surry Hills is a large terrace in a top position near Bourke Street Bakery. The residence has been converted to 4 apartments, with a current gross rental return of $85k a year.
It generates steady income as is, while having the potential to convert back into one large home in the future.
All apartments have been recently updated with nothing left to spend and are separately metered.
Inspect with Melinda Antella and Michael Kirk.
3 apartments / notable 1800s building
Buyers guide $3.7 million
238 Forbes Street, Darlinghurst is an impressive building of more than 6m wide, built pre-1860. With sunny indoor/outdoor aspects, the 4-level Georgian space is configured as 3 full-floor apartments, with city and harbour views from a large roof-level terrace.
Held by one owner the past 30 years, the leased projected income is $110k a year. In an important row of homes, it has multiple home and income opportunities.
Inspect with Shannan Whitney and Nick Gill.
7 apartments / large corner landmark
Buyers guide $4.75 million
243 Bourke Street, Darlinghurst is a standout building, surrounded by low-set homes in a terrace-lined area. An entire block of 7 apartments, it occupies a park-side position in an ever-growing pocket of the city fringe.
With multiple outdoor areas and living spaces, it’s an easy 1km stroll to Sydney CBD, with a leased projected income of $187k a year.
Inspect with Maclay Longhurst and Zak Abdallaoui.