175 St. John's Road Glebe, NSW 2037

Sold $1,925,000
Bed6
Bath3
Bldg290.0m²

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Property Description

Established boarding house of immense potential and placed for easy connections to Glebe Village, Sydney University and the city, this tri-level property is an attractive investment with a range of pathways to capitalization. The terrace style-boarding house offers up to six rooms over its three-level design, bringing in a potential total income stream of $1500-1800/wk. The light-filled top level also appeals as live-in accommodation, where you can still rent out the other four rooms. This rare opportunity also includes scope to be converted into a family residence in an ever-popular location (STCA).

Boutique accommodation, six large rooms with a rental guide of 250-300/wk

Approved DA plans to upgrade the existing boarding house

Scope to operate as a guest house, then redevelop as a family home (STCA)

Ground floor rooms share a kitchen, all other rooms have their own kitchen

All three levels provide a neat shared bathroom and two of them have baths

Shared front patio, shared rear courtyard gets plenty of northerly sunshine

Light-filled top floor with select updates appeals as live-in accommodation

Front room offers direct access, all other rooms provide security intercom

Around the corner from great cafes, walk to Glebe Point Road and USYD

** Please note GST is applicable on purchase **

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