Prized Northern Beaches 12 Room Budget Accommodation With Value-Add Potential

  • For Sale $3,400,000
1687 Pittwater Road, Mona Vale
  • Boarding house
  • Property Type
  • 12
  • Bedrooms
  • 8
  • Bathrooms
  • 6
  • Garages
Commercial Sales

Prized Northern Beaches 12 Room Budget Accommodation With Value-Add Potential

1687 Pittwater Road, Mona Vale
  • For Sale $3,400,000

Description

This classic and well-located investment property known as Northern Beaches accommodation will be offered by way of Private treaty.

Offering a proven and secure cash flow with a current income of $213,720 based on 100% occupancy, with further opportunity to increase cash flow or continue to operate as is.

Accommodation includes 12 rooms and 8 bathrooms, dining areas and laundry facilities, large lockup garage and 6 off street parking spaces.

The ground floor level accommodates.

  • Six rooms, each with en-suite bathrooms and kitchenettes
  • Communal kitchen and dining area
  • Delightful outdoor seating area
  • Common laundry facility with washing machine and dryer
  • Separate garage and storage space
  • Handy 6 off street parking spaces

First floor accommodation includes:

  • Six rooms, two with kitchenettes
  • Common kitchen and eating area
  • Two common bathrooms

Property features

  • Classic P&O Style architecture  
  • Land size 563 sqm
  • Airy light filled interiors
  • Tranquil green garden areas
  • Zoning: R2 Low Density Residential
  • Height limit: 8.5m
  • Potential redevelopment STCA
  • Located within the council’s radius zoned as Town centre
  • Will be sold with 2 contracts, land / building, and business/chattels
  • All inventory included in sale

Conveniently located close to Mona Vale Town Centre, stroll to City transport, parks, local schools, and Mona Vale Hospital. Located at the upper northern beach’s peninsula, a unique offering north of the Narrabeen bridge. Well positioned and close to the golden sands of Sydney’s northern beaches moments from Mona Vale’s vibrant village shops, cafes & eateries. The Northern beaches accommodation is located in Sydney’s beautiful northern beaches, enjoying a proven and secure cash flow and offering urban convenience with relaxed and affordable accommodation, offering its occupants the tranquillity of seaside living.

Details

Updated on November 24, 2022 at 4:54 pm
  • Property ID: DET-13138
  • Price: For Sale $3,400,000
  • Land Area: 563 m²
  • Bedrooms: 12
  • Rooms: 12
  • Bathrooms: 8
  • Garages: 6
  • Property Type: Boarding house
  • Property Status: Commercial Sales

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Dominic D’Ettorre
  • Dominic D’Ettorre