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Ravenswood, 22-26 Lambert Street

10 Unit Block

Sold for $1,000,000

Listing Number: TNT0664
About this listing

SOLD - This listing was sold in February 2019.

This is an outstanding opportunity for the savy investor or developer. A block of ten self-contained apartments, all two bedroom / one bathroom that have enjoyed full occupancy from long term tenants. Positioned on a large 2004m2 block with one undercover car space allocated per apartment. Currently rented below perceived market value and as such there is opportunity to increase existing rental return. Potential to strata title or possibly re-develop for University accommodation for the proposed UTAS development located 3km away (STCA).

-Rare opportunity to purchase 10 units in one line

-Land: 2004m2

-Building: 714m2

-Annual Rental: $93,600 p.a.

-Development opportunity

For more information please contact Andy Howell of NAI Harcourts North. 'Commercial Real Estate Services, Worldwide.'
Property Information
  • Floor Area: 714 sqm
  • Land Size: 2004 sqm
  • Property Type: Other

Contact Details

NAI Harcourts North

114 George Street
Office website

Property Location

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