398 Bourke Street, Surry Hills NSW 2010

Auction Location: On site

7m wide terrace currently operating as an approved 8-room boarding house, an outstanding investment opportunity with impressive credentials and a history of consistent income performance. With potential to upgrade and improve value, it also presents future opportunity to add parking, or convert back to a residential house (subject to approvals). Zoning. Zone MU1. Mixed Use. Co-agent Dean Efrossynis Laing/Simmons East 0417 223 906.

Highlights
* 8-room approved boarding house investment
* Outstanding asset with impressive 7m width
* Current leases generate $120k pa income
* Established tenants & stable performance
* Parking potential, or a single home (STCA)
* Generous Inner Sydney land size of 177sqm
* Fire/safety compliance, Land Tax exempt
* Leafy & well-regarded pocket of Bourke St
* Upgraded for council approx. 5 years ago
* Council/R $3,098 py, Water/R $780 py