398 Bourke Street
Surry Hills
Sold
1 / 16 398 Bourke Street, Surry Hills NSW 2010
1 of 1 398 Bourke Street, Surry Hills NSW 2010
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.
Highlights
- 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
Features
- Land size 177m2
- Council Rates $3098 / yr
- Water Rates $780 / yr
