Description

Boarding house in the Centre of the inner west, reduced from 7 to 6 rooms, 1 room is for bulky storage space. A section 455 can be lodged to ask for this space to be a carport or to get the 7 rooms. 4 of the 6 rooms already existing, it is a rear extension to get the extra rooms, currently it can be rented as a 4-bedroom, 2-bathroom 2 parking house for $1100-$1200.

No Basement, Grade Parking, Level land, good cash business, land tax exempt when completed (saving of $18k per annum)
Estimated gross income you have 2 choices to run it weekly basis at $470 per week, total income $171,800 per year running at full capacity
if run on nightly basis that would be around $90 to $100,000 per night, total income on full capacity for the 6 rooms is $229,950 per year, Premium location,
Building a Boarding house have the best cash business, best regular business today, don’t miss out, to secure such a property in The Inner west where demand is Premium is rare

great investment,
ideal location, Close to all amenities, Famous Norton St Cafés & Restaurants, The Royal Leichhardt, Leichhardt Public School, IGA Dan Murphy, Leichhardt Shopping strip, close to Parramatta Rd, City edge location,

Price $ 2.5 Million, offers welcome