2 West Street, Lewisham NSW 2049

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This landmark Victorian property is divided into 4 self-contained flats and will be an attractive opportunity for the astute investor wishing to tap into an area that has great rental potential. The property is situated in a conveniently short walking distance to Lewisham railway station, Petersham shopping village and restaurant strip and quick commute to the Sydney CBD, Sydney University and UTS as well as it?s close proximity to a variety of quality public and private schools. The property may also appeal to the owner occupier wishing to restore the house back to a single residence and its former glory. This property has a two street frontage and may have potential for further development.

The property comprising 480 sqm (approx.) includes:

- 2 x 2 bedroom flats potential rent $480 per week approx.
- 2 x 1 bedroom flats potential rent $300 per week approx.
- 2 individual lock up garages
- Modern kitchen and bathrooms in two of the flats
- High ceilings & Victorian features throughout
- Large wrap around balconies, top balcony with city views
- Plus large, common laundry facility

The property without doubt needs a major renovation and some structural restoration (always seek professional advice) but could be returned to its former glory with a lot of love and care. A must see for any investor seeking a property with multiple occupancy status.

Outgoings:

Council - $3,038 per annum
Water, sewer service and drainage service - $2885.92 per annum
Potential rent - $86,320 per annum