Boarding House/ Retail/Commercial Investment  – SOLD!!!!

$3,800,000
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.

  1. 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.
  2. 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.
  3. 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.
  4. 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
  5. For further information please contact Con Tastzidis on 0403 118830
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