2 Prospect Street Leichhardt NSW 2040

Excellent opportunity to purchase this wide 15metre frontage, 2 storey brick/tile building comprising of 16 rooms operating as budget accommodation zoned R1 general residential. Land area 547sqm approx. strong letting area and ideal student accommodation. Potential to refurbish, extend and improve your cash flow. Within walking distance to shops, buses and Norton Street eateries. Recession proof investment and land tax exempt. Vendor motivated to sell an opportunity like this can't be missed.