32 Gillies Street, Lakemba

AUCTION THIS SATURDAY 3:30pm

Block Of Units

10 bedrooms
4 bathrooms
4 car parking
899 m2
Auction
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Description

Located in a quiet, tree-lined street just a short walk from local shops and the station (which is soon to be upgraded to a metro), this unique property offers four modern townhouses with a fantastic blend of comfort, convenience, and investment potential. With two 2-bedroom and two 3-bedroom units, each featuring spacious living areas, private courtyards, and modern amenities, this property presents an ideal opportunity for both investors and family consortiums looking to expand their portfolio in a highly sought-after location. With a combined rental return of approximately $156,000 per year, these townhouses offer outstanding growth prospects and an enviable lifestyle in a growing area.
Key Features:
4 Townhouses: Two 2-bedroom units and two 3-bedroom units.
Modernized Kitchens & Bathrooms: Contemporary finishes and fixtures throughout.
Separate Lounges & Dining Spaces: Designed for comfortable living with well-defined areas.
Private Courtyards: Extra-large, ideal for outdoor entertaining or relaxing.
Double Storey: Maximizing space with well-thought-out floor plans.
Double Brick Construction: Solid and durable with concrete slabs for added strength.
Terracotta Tile Roof: Classic and long-lasting roofing style.
Garages for All Units: Secure parking for each townhouse.
Walking Distance to Shops & Station: Convenience at your doorstep.
Future Metro Station Upgrade: Enhancing connectivity and growth in the area.
Proximity to Aldi & Woolworths: Grocery shopping made easy.
Potential to Strata: Offers future development potential for individual titles.
Key details:
Council 1,072.00 PQ | Water 720 PQ | Land Size 899 SQM | Taxable Land value $1,250,000 | Potential return $156,000
Summary Paragraph: This property offers a rare opportunity to invest in four high-quality, modern townhouses in a peaceful, tree-lined street with an unbeatable location. The combination of solid construction, spacious layouts, large private courtyards, and modern updates makes these townhouses a standout choice for both investors and family groups. With significant future growth potential due to the nearby metro upgrade, plus a strong rental yield of $156,000 per annum, this is a property that promises long-term value and desirable living in a vibrant community. The added potential to strata further enhances the development possibilities, making it an even more attractive investment.

Property Location

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