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64 Annandale Street,
Annandale, NSW 2038
Hotel, Motel & Leisure
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Sale - Auction Mon 28 Oct
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D'Ettorre Real Estate
Shop 2 / 640 Crown StreetSURRY HILLS, NSW 2010
64 Annandale Street
Annandale, NSW 2038
Detailed listing
Map of 64 Annandale Street
Train stations within 5 km of 64 Annandale Street, Annandale, NSW 2038 Distance Stanmore Station 1.1 km Lilyfield Station 1.2 km Petersham Station 1.5 km Jubilee Park Light Rail Station 1.5 km Jubilee Park Station 1.5 km POWERED BY HERE ©Tram stops within 5 km of 64 Annandale Street, Annandale, NSW 2038 Distance Lilyfield Station 1.2 km Rozelle Bay Light Rail Station 1.5 km Leichhardt North Light Rail Station 1.6 km Hawthorne Light Rail Station 1.9 km Taverners Hill Light Rail Station 2.1 km POWERED BY HERE ©Bus stops within 5 km of 64 Annandale Street, Annandale, NSW 2038 Distance Parramatta Rd Before Johnston St 283 m Parramatta Rd After Northumberland Av 345 m Parramatta Rd Before Young St 391 m Parramatta Rd at Nelson St 445 m Parramatta Rd After Bridge Rd 469 m POWERED BY HERE ©
POWERED BY HERE ©
New-Age Boarding House With Valuable Double Lock-up Garage
D'Ettorre Real Estate is proud to offer this charming, high-yielding new-age 7-unit boarding house, set in a refurbished freestanding Italianate Victorian terrace with rear lane access, valuable double garage, and situated on 313 sqm of land.
Property Features:
• Each unit is self-contained, offering the perfect blend of comfort and convenience.
• 7 refurbished self-contained loft-style units (mix of studios and 1-bedrooms), each with private kitchenette and bathroom
• Convenient common laundry facilities
• Top level accommodates a spacious attic room with expansive district views (unused)
• Gross annual return for 2022-2023 = $113,242; for 2023- 2024 = $140,753; Projected for 2024-2025 = $170,820
• Land size: 313 sqm
• Handy rear lane car access via Young Lane
• Valuable double lock-up garage
• Potential to add value by erecting studios above the garage and converting the top floor (STCA)
Nestled in one of Annandale's most sought-after streets, this charming new-age boarding house renovated into New York-style lofts offers a proven cash flow, along with further depreciation deductions, a prized offering in an ultra-convenient location. The property provides easy access to Sydney University, easy transport, and all major amenities, making it a popular location for students and professional occupants. The property offers clean, quality accommodation and represents an established investment opportunity.
Inspect: Wednesdays & Saturdays 12:00pm - 12:30pm
Auction: In-rooms at AuctionWORKS, 10:30am Tuesday 29th October 2024
Property Features:
• Each unit is self-contained, offering the perfect blend of comfort and convenience.
• 7 refurbished self-contained loft-style units (mix of studios and 1-bedrooms), each with private kitchenette and bathroom
• Convenient common laundry facilities
• Top level accommodates a spacious attic room with expansive district views (unused)
• Gross annual return for 2022-2023 = $113,242; for 2023- 2024 = $140,753; Projected for 2024-2025 = $170,820
• Land size: 313 sqm
• Handy rear lane car access via Young Lane
• Valuable double lock-up garage
• Potential to add value by erecting studios above the garage and converting the top floor (STCA)
Nestled in one of Annandale's most sought-after streets, this charming new-age boarding house renovated into New York-style lofts offers a proven cash flow, along with further depreciation deductions, a prized offering in an ultra-convenient location. The property provides easy access to Sydney University, easy transport, and all major amenities, making it a popular location for students and professional occupants. The property offers clean, quality accommodation and represents an established investment opportunity.
Inspect: Wednesdays & Saturdays 12:00pm - 12:30pm
Auction: In-rooms at AuctionWORKS, 10:30am Tuesday 29th October 2024
Property ID: 504700356Last Updated: 30 Sep 2024
D'Ettorre Real EstateShop 2 / 640 Crown Street
SURRY HILLS, NSW 2010
SURRY HILLS, NSW 2010