Lifestyle - Commanding an impressive corner position on Forbes and Barton Street, this landmark c1845 sandstone building, originally built as warders accommodation for the Darlinghurst Gaol, presents an astute investment opportunity for a residential/commercial venture. Set directly opposite the new 'Dominion' development, this boutique offering has been owned and maintained for over twenty years and attracts quality tenants plus strong rental yields.
Accommodation - The building consist of a street level commercial space leased to hip eatery 'Forbes on Burton' and five residential apartments offering either one, two or three bedrooms. The apartments maintain authentic period detail and the top floor apartment with a corner position has been renovated - setting a benchmark for possible cosmetic touches and rental increases for the remaining four.
Features - A wonderful opportunity to capitalise on the existing income. All apartments feature high ceilings, timber floorboards, ornamental fireplaces, gas cooking and access to communal outdoor living. The total residential sqms is approximately 302 sqms and the commercial is approximately 100 sqms. The entire building is set on a 263 sqm parcel of land with a 13sqms frontage on Forbes Street and 20 sqms on Burton Street.
Inspect:
Thursday 2.00 - 3.00 PM
Saturday 2.00 - 3.00 PM
For all enquiries, please contact:
Mark Foy 0402 774 974 or
Michael Kirk 0401 568 412
