2 RARE & CLASSIC VICTORIAN TERRACES, OPERATING AS A HIGH YIELDING 16 STUDIO BOARDING HOUSE ON TWO SEPARATE TITLES TO BE OFFERED IN ONE LINE

5-7 Oatley Rd, Paddington NSW 2021, Australia
  • 16
  • 16
Sold for$5,250,000
  • Description
  • Details
  • Inspections

Description

  • A prime & proven quality multi letting investment, located in one of the inner-city’s prized suburbs
  • GAR (approximately) $406,120.00 including GST
  • All studios are fully self-contained & furnished with functional layouts & modern design
  • Majority of the 16 apartments are generously sized, offering a variety of floorplans
  • Each studio accommodates, kitchenettes & are fully equipped with cutlery, crockery, fridges, microwaves & electric jug, quality furnishings complete with wall-mounted flat screen TV
  • Sold as a going concern with all furnishings and inventory included in the sale
  • 2 Sunny communal courtyards main featuring outdoor tables, chairs & BBQ facilities
  • Handy coin-operated laundries in each terrace
  • Spread over 2 levels, 2 triple studios, 10 double studios & 4 single studios all fully self-contained
  • Combined land size 316 sqm | FSR: 1.25:1 | Height limit: 9m | Fully fire compliant

 

5 Oatley Road, is 158 sqm in size 8 rooms LEP Sydney local environmental plan 2012 Lot 3/-/ plan number /DP 210870 class 1B Boarding house

7 Oatley Road, is 158 sqm in size 8 rooms LEP Sydney local environmental plan 2012 Lot 4/-/ plan number /DP 210870 Class 2 multi residential

 

Walking distance to Sydney’s premiere sporting arenas, Centennial Parklands, Oxford Street shops, cafes, eateries & bars with both the iconic Paddington markets & UNSW Arts & Design faculty all close by. 50 metre stroll to the convenience of buses to the CBD, Bondi Junction, Central Train Station & the golden sand beaches of Bondi, Tamarama & Bronte.

Detail

Updated on July 31, 2018 at 9:13 pm

  • Property ID: DET-5463
  • Price: Sold for $5,250,000
  • Bedrooms: 16
  • Bathrooms: 16
  • Property Type: Boarding house
  • Property Status: Sold
  • Date Sold: 31/07/2018
  • Auction Date: Tuesday 17th July 2018 at 6:00pm
  • Auciton Location: Cooley Auctions - Level 1/29-33 Bay Street, Double Bay NSW 2028

Property Documents

Inspection:

As Advertised or by Appointment