1-8/398 Bourke Street, Surry Hills NSW 2010

Located in one of Surry Hills' most sought-after pockets, this property offers an exceptional investment and capital growth opportunity.

Classic quality architecture combines well with the 7m wide frontage in this fully operational approved 8-room boarding house with a strong history of consistent income.

Offering significant potential to enhance both income and value, it also provides future options to add parking or convert back to a single residential home (subject to council approval). Zoning. Zone MU1. Mixed Use.

Key features include:
- Approved 8-room, 4-bathroom boarding house with stable income
- Established tenants and current leases generate $120k pa income
- Potential for parking or residential conversion (STCA)
- Generous 177sqm land size in prime Inner Sydney location
- Fire and safety compliant, Land Tax exempt
- Located in a leafy, sought-after section of Bourke Street
- Upgraded for council compliance approx. 5 years ago
- Rear access via shared private road, with plans to be gated
- Outgoings (approx) Council rates: $3,098 per annum, Water rates: $780 per annum

Seize this outstanding investment opportunity in a highly desirable area!

Co-agent Darren Pearce from Bresic Whitney 0417 080 167.