Coastal apartment block property at Dover Heights for auction

Coastal apartment block property at Dover Heights for auction
Coastal apartment block property at Dover Heights for auction

A coastal Sydney residential apartment property at Dover Heights has been listed for auction.

Located at 286 Military Road, the 525 square metre property has two street frontages and houses nine blocks of apartments and five lock-up garages.

It has DA approval to create another two apartments from the two garages at street level.

It is marketed as a good investment for self-managed superannuation funds.

The block comprises of five one-bedroom apartments, three two-bedroom apartments and one three-bedroom apartment, as well as a residents’ laundry and garages.

The property features balconies and ocean views with each apartment having a large living area, gas kitchen, bathroom and good-sized bedrooms.

"Although the building is in good condition there is always the potential for refurbishment to obtain higher rental returns," agent Ric Serrao said.

The property is goes on auction on November 24 through Raine and Horne agents Ric Serrao and Patrick Cosgrove.

Tags: 
Residential Auctions Dover Heights

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