175 St. John's Road Glebe, NSW 2037
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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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Agent representing 175 St. John's Road