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5-7 Oatley Road Paddington, NSW 2021

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5-7 Oatley Road,
Paddington, NSW 2021

Other • Hotel, Motel & Leisure

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$5,250,000

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Land area

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Map of 5-7 Oatley Road

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2 Rare & classic Victorian terraces, operating as a high yielding 16 studio boarding house on two separate titles to be offered in one line

- 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 1 B 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.

In Conjunction with McGees Property
John Grujovski 0418 264 464
jgrujovski@bal.mcgees.com.au

Property ID: 502853550Last Updated: 16 Sep 2018

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5-7 Oatley Road
Paddington, NSW 2021
D'Ettorre Real Estate
Shop 2 / 640 Crown Street
SURRY HILLS, NSW 2010

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