“Randwick City Lodge” A beautifully appointed boutique guesthouse

  • Auction
3 Botany Street, Randwick
  • Guest House
  • Property Type
  • 21
  • Bedrooms
  • 13
  • Bathrooms
  • 2
  • Garages
Auction Commercial Auction Commercial Sales Residential Sales
“Randwick City Lodge” A beautifully appointed boutique guesthouse
3 Botany Street, Randwick
  • Auction

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

In conjunction with Oxford Agency.
Matt Marano – 0404 089 362
Daniel Marano – 0430 458 223

Auction details:

10:30AM, Tuesday  23rd April 2024, at Auction works, Mezzanine level, 50 Margaret Street, Sydney.

Inspect:

First inspection on 20 March 2024 and then every Wednesdays 1:00Pm to 1:30Pm  or by private appointment.

Details

Updated on March 15, 2024 at 3:00 pm
  • Property ID: DET-9004
  • Price: Auction
  • Land Area: 536 m²
  • Bedrooms: 21
  • Bathrooms: 13
  • Garages: 2
  • Property Type: Guest House
  • Property Status: Commercial Auction, Auction, Commercial Sales, Residential Sales

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