6 River Rd Apartment Building $6,484,050 WOLLSTONECRAFT, NSW 2065

Presenting a rare opportunity to acquire a well-maintained unit block in a highly sought-after pocket of Sydney’s Lower North Shore. Comprising 12 x 1-bedroom apartments, lock-up garages plus additional hardstand parking, this investment offers immediate income generation and future development potential.
This apartment block comprises twelve 1-bedroom units accompanied by eight lock-up garages and additional hardstand parking, generating an estimated gross market income of $374,400* per annum. Set on a commanding 727sqm* corner site with approximately 55m* of frontage, the property benefits from R4 High Density Residential zoning, a 2:1 FSR and a 23m height limit, providing exceptional planning flexibility. The site offers multiple value-add pathways — invest as is, undertake a renovation program, sell down individually, or redevelop into a residential flat building (STCA)** to capture strong demand from affluent local downsizers. The asset is strategically positioned to benefit from the state-led Crows Nest Transport Oriented Development Program, enabling a more efficient assessment pathway and faster approvals. Located in a highly walkable Lower North Shore setting, it is just a 5-minute* stroll to Crows Nest Station, moments to Royal North Shore Hospital and only 4km* from the Sydney CBD. With vacancy rates in Wollstonecraft sitting at just 1.6%^, the property is perfectly placed to capitalise on the region’s robust rental market.