24 Albion Street
Harris Park, NSW 2150

Overview

Ideal Investment with Tons of Potential

Discover an exceptional investment opportunity at 24 Albion Street, Harris Park. This prime property is situated on two lots, offering a combined land size of approximately 569 square meters. It currently generates strong rental returns with two tenants in place, making it an attractive prospect for investors seeking reliable income. The property uniquely combines residential comfort with potential commercial use, subject to council approval, providing versatility for various buyer needs.

Located in the vibrant heart of Harris Park, the property benefits from close proximity to the Parramatta Central Business District and a wide range of local amenities. These include convenient access to railway stations, Westfield Shoppingtown, parks, reputable schools, and a variety of trendy restaurants and cafes. Additionally, the area is set to benefit from major infrastructure projects such as the Light Rail and Sydney Metro, currently under construction, as well as the significant urban renewal initiative at Parramatta Square, a world-class civic centre.

The front dwelling features four spacious bedrooms, each equipped with built-in wardrobes, complemented by high ornate ceilings that add character and charm. There are two well-appointed bathrooms and a large eat-in kitchen designed for family living. The extra-large living and dining areas are enhanced by floorboards throughout, creating a warm and inviting atmosphere. Comfort is ensured with five split-system air conditioners installed across the home. This section of the property is currently leased, providing immediate rental income.

The rear area offers rear-lane access and is also leased, adding to the property's income potential. This layout supports a range of uses and offers flexibility for future development or business opportunities.

Current tenancy details indicate a total monthly rental income of $11,791.75 including GST, equating to approximately $2,721 per week. This income is derived from two tenants paying $6,016.75 and $5,775.00 per month respectively. Interested parties should refer to the lease agreement attached to the contract for further details and clarification.

This property represents a fantastic opportunity in a highly desirable location. It is ideal for investors, developers, and small to midsize businesses looking for a versatile asset with strong income and development potential. Do not miss the chance to acquire this unique offering in Harris Park.

Location