Boarding House/ Retail/Commercial Investment? – SOLD!!!!
ALL, NSW, Sydney
Well positioned Boarding House/Hostel & Retail Commercial Investment Property with potentially huge Cash flow and commercial investment income potential. One of the fastest growing areas in Sydney.
- In main commercial central business district within short walking distance to major railway station and hospital and close to University of Western Sydney and TAFE.
- Currently partially leased ground floor commercial retail and vacant upper levels with an approximate income of $205,000 pa plus a vacant shop with an approximate rental of around $45,000 pa which would show a gross income of around $245,000 pa with the upper floor vacant. Fully leased the property has a potential of achieving a net income of around $400,000 plus or around 11.4% net investment return on current asking price.
- Plans have been submitted to council for the conversion of the upper floor area into 52 commercial boarding house style self contained studio rooms providing a great opportunity for substantial cash flow investment income.
- Please note that owners will sell subject to all leases being in place with the great return and obtaining final council approval fro boarding house on upper levels
- For further information please contact Con Tastzidis on 0403 118830