OFF MARKET

29 Wharf Road
Gladesville NSW 2111

Bedrooms: -
Bathrooms: -
Car spaces: 13
Floor area: 75m2
Land area: 1460m2
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Property Details for 29 Wharf Rd, Gladesville

29 Wharf Rd, Gladesville is a 0 bedroom, 0 bathroom House with 13 parking spaces. The property has a land size of 1460m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
House
Floor Size
75m2
Land Size
1460m2
Local Government
Ryde
Lot/Plan
3/DP193

Last Listing description (April 2023)

Wills Property and I.B Property are pleased to present 29 Wharf Road, Gladesville to the market for sale.

This is a unique opportunity to purchase an entire block of 13 apartments on a single title. This is a wonderful investment opportunity with all apartments leased. The property has a history of rental growth and has the potential for large growth in the future, through a combination of reversion, renovation and repositioning.

The apartment block is situated over two and part three storeys and consists of 11 x two bedroom apartments and 2 x one bedroom apartment, with a current gross rent of approximately $272,707 per annum. All apartments have onsite parking. Each apartment is spacious with ample natural light.

Located in a desirable location in proximity to quality schools, Gladesville Shopping Village, public transport and waterfront parklands underpins tenant demand and cashflow.

This investment will suit family office / high-net worth(s) / developer / builder and is not to be missed.

DETAILS:
- 11 x two bedroom apartments
- 2 x one bedroom apartments
- 4 x garages
- 9 x open car spaces
- R4 High density residential zoning
- FSR 1:1
- Height limit 11.5 metres
- Land area 1,265 square metres
- Gross passing rent $272,707 per annum
- Statutory outgoings total $61,185 per annum

FURTHER DETAILS:
Information memorandum available at open homes.

John Wills FAPI JP
Wills Property
0467 44 38 38

Adam Droubi
I.B Property
0420 807 070

METHOD OF SALE:
- Auction
- 29 November 2022
- 5:00pm
- Level 1/29-33 Bay St, Double Bay NSW 2028

DISCLAIMER:
All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.

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Property History for 29 Wharf Rd, Gladesville, NSW 2111

A timeline of how this property has performed in the market
Last Sold
$6,550,000
29 Nov 2022
Listed for Rent
$330/w
15 Nov 2011
  • 29 Nov 2022
    Sold for $6,550,000
  • 31 Oct 2022
    Listed for Sale Contact Agent
  • 21 May 2019
    Listed for Rent - Price not available
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About Gladesville 2111

The size of Gladesville is approximately 3.5 square kilometres. It has 23 parks covering nearly 10.7% of total area. The population of Gladesville in 2011 was 10,973 people. By 2016 the population was 11,831 showing a population growth of 7.8% in the area during that time. The predominant age group in Gladesville is 40-49 years. Households in Gladesville are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Gladesville work in a professional occupation. In 2011, 62.9% of the homes in Gladesville were owner-occupied compared with 60.6% in 2016.

Gladesville has 7,131 properties.

    There are currently 35 properties listed for sale, and 50 properties listed for rent in Gladesville on OnTheHouse. According to CoreLogic's data, 295 properties were sold in the past 12 months in Gladesville.

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