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X Commercial  - Inner West
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1 Johnston Street Annandale, NSW 2038

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1 Johnston Street,
Annandale, NSW 2038

Hotel, Motel & Leisure • Development Sites & Land • Other

Price information

Sale

$3,990,000

Under Contract

Key property information

Land area

Floor area

Car spaces

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$182,000

Private inspections

to arrange a private inspection.
X Commercial  - Inner West
Lachlan Palm
Daniel O'Brien

X Commercial - Inner West

1.6/135 Victoria Road
DRUMMOYNE, NSW 2047
X Commercial  - Inner West
1 Johnston Street
Annandale, NSW 2038

Map of 1 Johnston Street

Directions
  • Train stations within 5 km of 1 Johnston Street, Annandale, NSW 2038Distance
    Stanmore Station909 m
    Petersham Station1.4 km
    Lilyfield Station1.5 km
    Newtown Station1.6 km
    Jubilee Park Light Rail Station1.6 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 1 Johnston Street, Annandale, NSW 2038Distance
    Lilyfield Station1.5 km
    Rozelle Bay Light Rail Station1.7 km
    Leichhardt North Light Rail Station1.9 km
    Glebe Station2.1 km
    Hawthorne Light Rail Station2.1 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 1 Johnston Street, Annandale, NSW 2038Distance
    Parramatta Rd Before Johnston St132 m
    Parramatta Rd After Northumberland Av184 m
    Parramatta Rd at Nelson St235 m
    Parramatta Rd After Bridge Rd243 m
    Parramatta Rd Before Young St394 m
    POWERED BY HERE ©
POWERED BY HERE ©

FULLY LEASED BOARDING HOUSE INVESTMENT

  • Current net income $182,000* per annum
  • 14 room Victorian boarding house
  • Rental reversion opportunity
X Commercial and HTL Property are delighted to present an exceptional investment opportunity at 1 Johnston Street, Annandale, located in the highly sought after Inner West of Sydney.

This charming Victorian boarding house offers a unique blend of classic architecture and modern functionality. The property consists of 14 rooms, providing a mix of self-contained studios and double rooms with shared facilities. Set across four levels, the building features rear lane access, offering convenient parking and storage options. The property is currently fully leased, generating a net income of $182,000 per annum, with further potential for rental reversion, providing a compelling opportunity to increase rental yields.

Situated just 5km from the Sydney CBD, this prime location offers unmatched convenience and connectivity. The area is well served by frequent bus routes and the light rail, providing direct access to the city. Positioned near the intersection of Parramatta Road, a key artery leading into the CBD and linking to the M4 Motorway and Great Western Highway, the property enjoys easy access to greater Sydney.

Key Highlights of 1 Johnston Street, Annandale:

- Approved 14 room Victorian boarding house
- Rental reversion opportunity
- Current net income $182,000* per annum
- Mix of self-contained units and rooms with shared facilities
- Rear access, parking and storage
- Site area 450sqm*
- Communal laundries & communal living areas
- 1km* Stanmore train station
- 2km* to The University of Sydney
- 5km* to Sydney CBD with multiple bus routes along Parramatta Rd

For more information or to organise an inspection, please contact the exclusive agents.

HTL Property
Nic Simarro - 0403 005 7...

X Commercial
Daniel O'Brien - 0404 860 7...
Lachlan Palm - 0431 723 0...

*Approx

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Property ID: 504686796Last Updated: 28 Oct 2024

HTL Property - Sydney
Level 3, 319 George Street
SYDNEY, NSW 2000

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