Rare Block of Five Apartments on 500m² with Rear Lane Access

Auction - Guide $2,800,000

Ideally located just moments from Ashfield Mall and Station, this two-storey complex of five one-bedroom apartments offers a rare opportunity to acquire an entire block on approximately 500m², complete with dual street access and generous parking via the rear lane off Amy Street. Currently returning approximately $130,000 in gross annual rent, the property combines immediate income with scope to add value. Retain the apartments in their current condition and review existing rents, progressively update to enhance rental returns, or explore future development possibilities, subject to council approval. An entire block of this size in central Ashfield is increasingly hard to find, presenting an appealing long-term investment close to transport, shopping and dining. Property Features: - Five one-bedroom apartments offering immediate rental income of approximately $130,000 gross per annum. - All apartments feature a functional kitchen, bathroom and internal laundry facilities. - Scope to increase rental returns in the existing configuration or through renovation. - Approximately 500m² of land with Arthur Street frontage and rear lane access off Amy Street. - One garage plus three car spaces accessed via the rear lane. - Long-term investment opportunity with potential for future development, subject to council approval. - Short walk to Ashfield Station, Ashfield Mall and the vibrant Liverpool Road café and dining precinct. - Live in one and rent the rest out - Each unit individually metered for water