Rare opportunity to purchase four lots on one title. Operating as a 29 room boarding house, two street frontages with rear access via Sherbrooke Street. Potential to refurbish, extend and improve your cash flow. Zoned residential 2B, building comprises of 2 x 3 storey brick and tile iron terraces on Palmer Street and 2 x 2 storey residence facing Sherbrooke Street. Strong letting area and only meters away from Oxford Street in the home of Sydneys fashionable inner east precinct and stroll to Sydney CBD, Kings Cross nightlife and cosmopolitan cafes. Recession proof investment and land tax exempt, potential for refurbishments, STCA. Genuine vendor motivated to sell. Inspection highly recommended.