This substantial property started life as a late Victorian freestanding mansion and thus retains its handsome period facade and spacious light filled interior.

It has just been refurbished throughout and operates successfully as an approved multiple tenancy boarding house with ALL tenants on 12 month residential tenancy agreements. The current owners have adapted the previous floor plan to now offer:
1 x 1 bedroom unit with separate entrance, own bathroom and use of own courtyard
2 x 1 bedroom ‘studio’ units
8 bed sitters
The property has:
2 large hostel style male/female bathrooms * Coin operated laundry * 3rd bathroom on 1st floor * Large rear courtyard * Security entrance * Some units have slit system a/c * All units have brand new kitchenettes.
On a prime corner block of some 307sqm., the property is in the heart of the ‘university precinct’ of Glebe just 300 metres from Sydney University campus with a city bus stop, local cafes, shops and boutique taverns virtually ‘on the doorstep’.

CURRENT GROSS WEEKLY RETURN IS $2,330.00 .$121,160 APPROX G.P.A.