2 RARE & CLASSIC VICTORIAN TERRACES, OPERATING AS A HIGH YIELDING 16 STUDIO BOARDING HOUSE ON TWO SEPARATE TITLES TO BE OFFERED IN ONE LINE
- Sold for $5,250,000
2 RARE & CLASSIC VICTORIAN TERRACES, OPERATING AS A HIGH YIELDING 16 STUDIO BOARDING HOUSE ON TWO SEPARATE TITLES TO BE OFFERED IN ONE LINE
- Sold for $5,250,000
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.
Property Documents
Brochure B - 5-7 Oatley Rd
Details
Updated on July 31, 2018 at 9:13 pm-
Property ID DET-5463
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Price Sold for $5,250,000
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Bedrooms 16
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Bathrooms 16
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Property Type Boarding house
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Property Status Sold
Additional details
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Auction Date Tuesday 17th July 2018 at 6:00pm
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Auciton Location Cooley Auctions - Level 1/29-33 Bay Street, Double Bay NSW 2028