1-4/5 Albert Street Berala, NSW 2141

Sold $1,340,500

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Property Details

Property Description

Laing + Simmons Parramatta Group are pleased to offer this block of four units at 5 Albert Street Berala, for sale by way of Public Auction on the 8th of August 2020.

Tightly held with one family for many years, the building is a 1960’s 2 storey of double brick construction consisting of 4 apartments all with balconies on a well maintained 455.3m2 block with ample street parking and shared laundry facility.

Set within close proximity to Berala, Lidcombe and Auburn Town Centres, 5 Albert Street Berala offers the astute investor a low risk, affordable investment with a solid income stream underpinned by excellent surrounding amenities. Albert Street represents a rare value proposition within a tightly held western Sydney region, presenting purchasers the opportunity to capture a secure cash investment for years to come.

Key Investment Highlights Include:
– Significant land holding of 455.3m2
– Total of 4 apartments
– Fully leased potential gross income $69,420* per annum gross
– 2x 1 bedroom apartments
– 2x 2 bedroom apartments
– Strong rental history
– Full brick construction
– All with balconies
– 1 km to Berala Station
– 1.5km to Lidcombe Station
– 2km to Auburn Station
– Must be sold

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