Double Bay, NSW 2028
Type of Property: Apartment
Reason for Purchase:Investment Property
Address: 12/282 New South Head Road, Double Bay NSW 2028
The client, an investor, was looking to build equity long term with a 1 bedroom, 1 bathroom, 1 car spot apartment. However, we purchased a 2 bedroom, 2 bathroom apartment in Double Bay with over 100sqm internal. The property has potential to be converted into a 3-bedroom apartment with ease. It currently rents for $750 per week, post-renovation, there is potential for the rent to increase to $1100-1150 per week.
About the Property:
Set in an immaculately maintained security block built in 1939, the landmark ‘Princeton’ is one of Double Bay’s finest Art Deco buildings with a grand foyer and lift reflecting the glamour and grace of the era. Positioned on the second floor, this two-bedroom apartment is footsteps to Sydney’s most exclusive shopping village and a short walk to the waterfront, boutique beaches, the ferry wharf, Edgecliff station and Double Bay village. The timeless design, elegant proportions and a fashionable harbour-side village address combined in this large apartment to offer a fantastic lifestyle opportunity.