Brimming with character this Circa 1900 Victorian Terrace is currently configured as eight studio rooms, is being offered for the first time in 50 years and is currently registered with NSW Fair Trading as a general registered boarding house .
An opportunity awaits to purchase this BLUE-CHIP Real Estate with the bonus of exceptional income and potential to increase the current income by further refurbishment, or restore this charming terrace to its former glory SUBJECT TO COUNCIL APPROVAL.
The property is with in close proximity to the vibrant St Johns Road and Glebe Point Road Cafes and restaurant scene, the Sydney CBD, Universities and RPA Hospital.
High ornate ceilings/ Fireplaces
One being a self contained unit
All rooms have kitchenettes
Common bathrooms on two levels
Rear walkway access via Reuss Street
Sun drenched rear court yard
Gross Income: $ 100,360.00
Land Size: 240.30 sqm (approx.)
Frontage: 6.1 sqm (approx.)
Zoning: R1 General Residential
Council Rates: $629.19/ quarter
Water Rates: $368.99/quarter
Auction on site on 31 October 2020 at 1:00pm onsite