Well positioned Boarding House/Hostel & Retail Commercial Investment Property with huge Cash flow and commercial investment income potential.One of the fastest growing areas in Sydney.
Well positioned Boarding House/Hostel & Retail In central business district. This Boarding House & Retail Investment Property is Within short walking distance from railway station and hospital. In addition it is close to University of Western Sydney and TAFE.
Boarding House & Commercial Retail Investment Property Summary
Currently ground floor consists of commercial retail with an approximate income of $205,000 pa plus a vacant shop. This returns an approximate rental cash flow of around $45,000 pa which would show a gross income of around $245,000 pa. The upper floor vacant.
In addition, plans have been submitted to council for the conversion of the upper floor area into 52 commercial boarding house style self contained studio rooms. Thus providing a great opportunity for substantial cash flow commercial investment property income.
Please note that owners will sell subject to obtaining final council approval. In addition this property presents other commercial residential redevelopment possibilities (subject to Council Development Approval)
More investment Property Details
For further information please contact Con Tastzidis on 0403 118830
Please note – THIS PROPERTY HAS BEEN SOLD