3/26-28 Kings Cross Road Potts Point, NSW 2011

Buyers Guide $400,000 - $438,000
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Property Description

A quiet setting to the rear of the elegant Medina Hall underlines a sense of peace and privacy in this L-shaped 29sqm studio. Built in 1917 as one of Potts Point’s signature Federation era buildings, the boutique block of 17 is located right in the heart of The Cross, just a few hundred metres down from the iconic Coca Cola billboard. Featuring convenient dual access with additional secure rear entry via Goderich Lane, the inner city pad has been continuously let since 2006 making it a sound investment prospect. From here it’s just a short walk down to Rushcutters Bay Park and 200m to Kings Cross station.

+ Boutique walk-up block, secure entry
+ The only studio apartment in the block
+ Elegant Georgian style frontage
+ Elevated rear ground floor setting
+ Quiet setting with large windows
+ Galley style kitchen, breakfast bar
+ Bright open living/bedroom area
+ Bathroom with laundry fittings
+ Secure rear access via Goderich Lane
+ Picture rails, original sash windows
+ 100m to Victoria Street’s dining hub
+ Stroll to cafes, bars and restaurants
+ Quick and easy commute to the city
+ Strong rental demand area

Tenancy Status:
The property has been continually leased for the past 13 years. The current market rental is approx $390 per week unfurnished. The current tenant would like to renew the lease.

Total Area:
29sqm approx

Outgoings:
Strata Rates: $933 per quarter
Council Rates: $259 per quarter
Water Rates: $179 per quarter

Strata Agents:
NSW Strata Management Ph: 1300 185 109
SP 13636 LOT 3

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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