Surry Hills

398 Bourke Street

Highlights

7m wide terrace currently operating as an approved 8-room boarding house, an outstanding investment opportunity with impressive credentials and a history of consistent income performance. With potential to upgrade and improve value, it also presents future opportunity to add parking, or convert back to a residential house (subject to approvals). Zoning. Zone MU1. Mixed Use. Co-agent Dean Efrossynis Laing/Simmons East 0417 223 906.

• 8-room approved boarding house investment
• Outstanding asset with impressive 7m width
• Current leases generate $120k pa income
• Established tenants & stable performance
• Parking potential, or a single home (STCA)
• Generous Inner Sydney land size of 177sqm
• Fire/safety compliance, Land Tax exempt
• Leafy & well-regarded pocket of Bourke St
• Upgraded for council approx. 5 years ago
• Council/R $3,098 py, Water/R $780 py