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Vaucluse apartment block enters the market

Property Markets / Transactions

Australia / Sydney

Mar 02 2018

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Positioned in an exclusive blue ribbon location, 8 Marne Street offers water views in the sought-after suburb of Vaucluse. 

The block is served by Watsons Bay Ferry Wharf, with an abundance of commercial offerings and amenities nearby. 

The property returns an annual gross income of around $236, 825, with the potential to rise to $288,600.

Values have increased quickly over the past ten years, and especially in the last four - since 2014, the median apartment price has increased by 64 percent. 

Purchasers will have multiple options when considering future use of 8 Marne Street, such as maintain holding income, return rents to market, refurbish or strata subdivide

The property will be sold by agents CBRE via public auction on Tuesday, 27 March 2018. 

Contact Paul Grasso on 0434 497 793 or paul.grasso@cbre.com.au

 

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