Description

High yielding investment opportunity First time offered in 20 years; this charming guesthouse from 1910 has recently undergone renovations to unite period elegance with a sophisticated contemporary aesthetic.

Spread over 536sqm of land it features 21 boutique rooms with kitchenettes (9 fully self-contained) and occupies a premier position just metres to cafes, boutique shopping, parks, cinemas, beaches, schools, light rail, UNSW & Prince Of Wales Hospital. With long- & short-term accommodation & additional Air B&B with high yielding income, this truly is a proven & secure investment opportunity in the heart of the highly prized suburb of Randwick.

Property overview:

First time offered in 20 years
536sqm, zoned R3 medium density residential, FSR 0:9:1, Height 12m
21 boutique rooms with kitchenettes, 9 fully self-contained with ensuited
To be sold fully furnished as a going concern
Solid investment GAR (2023 Calendar year) $526,431
Common areas include rear courtyard with BBQ, laundry room with coin operated facilities & modern gas kitchen with amenities
Separate office with plenty of storage space
All rooms feature digital combination locks
Secure lock up garage with additional car space
Ultra convenient location, walking distance to all that Randwick has to offer