Four apartment blocks across Sydney, with a combined value of $35 million, have been listed for sale offering investors an opportunity to capitalise on the current residential market.
CBRE’s Toby Silk and his team are managing the sales.
“Unit blocks are tightly held assets that offer diversified revenue streams, reducing dependency on a single occupant and enhancing stability. The relatively stable cash flow and the potential for long-term appreciation make them attractive to investors seeking steady returns and capital growth,” Mr. Silk said.
“The aggressive growth in residential rents as a result of the housing supply shortage is expected to continue, further reinforcing the strength of this asset class.”
CBRE manager, Luke Williams added, “Despite economic fluctuations, the demand for premium unit blocks in the property market remains robust. Investors recognise the long-term value and stability these properties offer. Prime locations, high-quality amenities, and the prestige associated with such properties continue to drive their appeal. In today’s market, premium is not just a price point but a testament to quality, location, and enduring demand.”
The four residential apartment blocks for sale are:
66 Ernest Street Crows Nest, 15 one-bedroom apartments each with a car space.
15 Fowler Street Camperdown, nine two-bedroom apartments, five one-bedroom apartments and two commercial suites across 1001sqm.
117-119 Foveaux Street, Surry Hills, three two-bedroom apartments, a one-bedroom apartment and ground floor retail space.
Coogee apartment block, eight one-bedroom apartments encompassing a 396sqm internal area.
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