13 Poate Road, Centennial Park
EXCITING OPPORTUNITY - CHARACTER PROPERTY SPLIT INTO 3 FLATS WITH 3 LOCK-UP GARAGES
Elevated on a deep 480sqm (approx) block with a rear north-east aspect and dual street access, this large character property offers an exciting chance for both investors, home owners and smart developers to reap solid rewards. It currently comprises three separate flats, a large grassy sun-soaked garden and garaging for three cars via Poate Lane. Add it to your investment portfolio and enjoy an ongoing income stream, redevelop into one house or capitalise with a multi-dwelling development (STCA). A terrific opportunity of rare size and location on a whisper-quiet street, it is a short walking distance to Queen Street village and Centennial Park plus sports grounds and lifestyle attractions at the Entertainment Quarter.
3 large flats - to be sold as one property2 x 2-bedroom plus 1 x 3-bedroom apartmentAll feature distinct living & dining areasGas kitchens, single bathroom, own entryGenerous sunny garden, shared laundry3 x single lock-up garages, access via Poate LaneIncome stream or redevelopment STCAWalk to shops, parks & sports grounds
Council rates: $796.38pq
Water rates: $522.63pq
Land size: 480sqm (approx)
FSR: 1.25:1
Zoning: R1 General Residential
Unit 1 (2 bedroom)-Current Rental: $650 per week -Expired lease
Unit 2 (2 bedroom)-Current Rental: $650 per week - Lease expiry: 16 July 2017
Unit 3 (3 bedroom)-Current Rental: $760 per week -Lease expiry: 21 June 2017
Property Features
- Carports 3
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Centennial Park
The prestigious suburb of Centennial Park is primarily devoted to the magnificent expanse of greenery known as Centennial Parklands – Sydney's answer to Central Park. Dedicated by Sir Henry Parkes as a public open space in 1888, it was the venue for the inauguration of Federation in 1901.
Covering more than 360 hectares, this much-loved urban open space is around 4.5km from the CBD and comprises three parks – Centennial Park, Moore Park and Queens Park, along with sporting facilities including the ES Marks Athletics Field, an 18-hole golf course and driving range, an equestrian centre, tennis courts, netball courts and sporting fields. It also incorporates Fox Studios, with its live music venue Hordern Pavilion, Royal Hall of Industries, cinemas and professional film studios.
A Centennial Park address is rather rare and often exclusive – just a handful of streets are devoted to residential purposes and they differ greatly. The salubrious parkside boulevard of Lang Road and the secluded Martin Road/Robertson Road enclave are home to magnificent Victorian and Federation mansions – some of Sydney's finest – while Cook Road is lined with terraces and apartments from the Art Deco era through to the '60s and '70s. Centennial Park couldn't be more central.
It's conveniently located moments from Paddington's trendy retail hub, Oxford Street, as well as cosmopolitan Woollahra village, while the retail mecca of Bondi Junction is just minutes away on the other side of the park. The park itself provides a diverse range of recreational and cultural attractions, including the Moonlight Cinema in the summer months and numerous outdoor music festivals.
Suburb Features
Education
- Moriah College
- Paddington Public School
- Sydney Boys High School
- Sydney Girls High School
- Woollahra Public School
Recreation
- Centennial Park
- Moore Park
- Parklands Sports Centre
- Sydney Cricket Ground
- Sydney Football Stadium
Restaurants
- Bellevue Hotel
- Big Mamas
- Bistro Moncur
- Centennial Hotel
- Centennial Parklands Dining
- Cipri Italian
