171 West Street, Crows Nest NSW 2065

This unrenovated boarding house presents an exceptional investment opportunity. DA approval allows for redevelopment of a 2 story residence with 10 Self Contained Studios, generating $4,000 - $4,500 income per week.

Currently the superbly positioned 422 sqm house delivers outstanding rental returns with its existing 7 rooms. It has enormous redevelopment potential for those seeking long term capital growth and stable high rental returns.

- Unrenovated residence with 7 bedrooms, 4 bathrooms, 4 kitchens
- DA approval for new generation boarding house with 10 Self Contained Studios, accommodating up to 14 lodgers
- Will include 10 bedrooms (4 doubles), each with ensuite bathroom, kitchenette and washing machine facility
- Large communal lounge area, open plan living/dining and kitchen area, office alcove
- Patio, generous landscaped garden, storage room, bike parking and outdoor BBQ area
- Sensational central location, just moments from public transport
- Stroll to St Leonards Park, Cammeray village and Crows Nest's shops
- Easy bus access to city and Chatswood
- Short walk to North Sydney railway station and North Sydney CBD
- Close to Royal North Shore hospital
- Close to numerous public and private secondary schools in Sydney
- Residential R2 zone medium density

Council Rates: $276 P.Q (approx)
Water Rates: $199 P.Q (approx)