297 Ernest Street, Neutral Bay, NSW 2089

IB Property is pleased to present 297 Ernest Street, Neutral Bay, to the market for sale, an outstanding and rarely offered portfolio addition for any investor.

This two level apartment block in a lifestyle driven locale is an exceptional acquisition opportunity in the highly affluent area of Neutral Bay. With the option to enjoy strong passive income, capitalising on long-term tenancy demand, or reposition the asset to further add value, this opportunity offers endless possibilities.

The block comprises 8 x 1-bedroom apartments with space for 4 cars.

Located just moments from both Cammeray Park and the Big Bear Shopping Centre, this property offers easy access to all amenities. It's conveniently located close to bus services to the CBD, boutique restaurants, and the Military Road shopping strip, which features a wide range of specialty stores and grocers.

Key Features:
-     8 x 1 Bedroom Apartments
-     2 x Single Car Lockup Garages
-     297sqm* of land Area
-     Current Annual Gross Income of $311,740 per annum
-     Walking distance to bus services to the CBD, boutique restaurants, amenities, Big Bear Shopping Centre and Neutral Bay Shopping Village

This unit block is a perfect opportunity to capitalise on an unbeatable opportunity in a growing precinct.

For more information or to schedule a private inspection, contact the exclusive selling agents:

Shane Blackett - 0410 093 392
Josh Fornito - 0478 058 868