5/115 Macleay Street Potts Point, NSW 2011

Sold $480,000

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Property Description

This light and airy studio offers a superb opportunity to buy into one of Potts Point’s landmark buildings. Designed in 1937 by architect Dudley Ward, a renowned architect of the day who played an influential role in the spread of European Modernism, Gowrie Gate is one of Sydney’s finest Art Deco buildings. Set to the rear of the block, the north facing inner city pad is located in the heart of fashionable Potts Point, opposite Fitzroy Gardens and the El Alamein Fountain. A perfect city pad with opportunity to transform and add value, it makes for an ideal first home or exceptional investment. This 32sqm studio is footsteps to world-class dining, shopping and entertainment and a short walk to renowned harbourside dining.

+ Grand security block, marble foyer
+ Rear elevated ground floor position
+ Neat and tidy interiors, high ceilings
+ Sunny kitchen with a breakfast bar
+ Opportunity to renovate and add value
+ Shared laundry with drying terrace
+ Well presented, tidy bathroom
+ Stroll to Llankelly Place restaurants
+ Cafes and eateries at the doorstep
+ Ideal investment or market entry
+ 350m walk to Kings Cross station

Tenancy Status: Long term tenant paying $360 per week (expired lease). Happy to stay on.
Market Rent: $380 – $400 per week

Total Size: 32sqm

Strata Rates: $424 per quarter
Council Rates: $259 per quarter
Water Rates: $178 per quarter

Strata Agents:
Sarraf Strata Ph: 1300 002 888
LOT 9 SP39734

Disclaimer: We have been provided with the above information, however, Laing+Simmons gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.

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