1-4/149 Parramatta Road
Haberfield, NSW 2045

Overview

Entire Block of 4 Apartments - 4.9% Gross Return (approx)

Situated on a prominent parkfront location directly opposite Ashfield Park, this entire block of four apartments offers a remarkable investment opportunity characterized by a strong holding income and promising future potential, subject to council approval (STCA). The property is currently securely leased to an accommodation operator who has undertaken comprehensive renovations and furnished the apartments, overseeing all daily operations and maintenance to ensure a seamless management experience.

Located along the highly visible Parramatta Road corridor in the vibrant heart of Haberfield, this asset enjoys excellent connectivity to transport links, robust tenant demand, and significant long-term redevelopment prospects within the E3 zoning framework.

• Comprises an entire block of four apartments with dedicated parking facilities
• Secure lease arrangement with an established operator responsible for furnishing, upkeep, and operational management
• Offers excellent value-add potential through rental increases, strata subdivision, or redevelopment opportunities (subject to council approval)
• Positioned opposite Ashfield Park, providing easy access to public transport, major arterial roads, and local amenities
• Currently generates an annual return of approximately $195,000

This property represents a compelling investment for those seeking a well-managed asset with immediate income and future growth possibilities in a sought-after location.

Location