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54 Fern Street Randwick NSW 2031

  • Hotel, Motel, Pub & Leisure
  • 539 m²
  • For Sale, For Sale

16 Bedroom Boarding House Block, Perfect for Development

    A prized position on the border of Clovelly and Randwick is this character residence consisting of 16 over-sized bedrooms and 4 large bathrooms on a huge 538.8 sqm block, perfect for development, investment or conversion back in to a family home(s).
    Boasting a huge 538.8 SQM, the block of land also offers amazing potential for a luxurious 4-story apartment complex*. Or instead, convert to an attractive family home(s) with the land offering potential for two elegantly designed townhouses or one over-sized family home, ideally located in the heart of Sydney's Eastern Suburbs.
    Currently operating as a boarding house, the property also offers wonderful investment returns of $286,264* per annum, as well as lucrative boarding house expansion and income opportunities* for operators or developers.
    This is a highly convenient location within close proximity to amazing beaches and shopping venues with strong transport connections throughout the Eastern Suburbs and Sydney.
    - Current year income $286,264* (based on 100% mixed of single & dual occupancy)
    - 16 well sized bedrooms
    - 4 very spacious well maintained bathrooms
    - High ornate ceilings, feature fireplaces
    - All rooms furnished and included in sale
    - Communal rear yard with established trees and sitting area
    - Off street parking for two cars
    - Rare opportunity to acquire a licensed boarding house in the Heart Sydney's East
    - East-facing, Land size 538.8sqm*
    - R3 Zoning & FSR - 0.75:1
    - Ultra-convenient location, a short drive from Coogee and Clovelly Beaches
    - Huge front yard with over 13.9* meters setback from Fern Street (perfect for expansion or development)
    Perfect for boarding house expansion using the allowable 0.5:1 FSR additional bonus under NSW's Affordable Rental Housing Policy providing an opportunity to build up to an extra eight (8) rooms (STCA).
    Conjunction Agent: First Hand Property | Mitchell Farah 0466 967 826
    *Approximately* - Contract and Information Memorandum available upon request
    For Sale: Price on Request
    Agents: Martin Farah 0418 402 015
    Disclaimer: While all care has been taken in compiling information regarding properties marketed for rent or sale, we accept no responsibility and disclaim all liabilities in regard to any errors or inaccuracies contained herein. All parties should rely on their own investigation to validate the information provided.

    Martin Farah
    NGFarah Pty Limited
    Martin Farah
    NGFarah Pty Limited
    David Yacoub
    NGFarah Pty Limited
    David Yacoub
    NGFarah Pty Limited

    Property Highlights

    Property ID2016977269
    Floor AreaAsk Agent
    Land Area539 m²
    Parking2 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 May 2021
    Map for 54 Fern Street Randwick NSW 2031
    Map for 54 Fern Street Randwick NSW 203154 Fern Street Randwick NSW 2031
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Martin Farah
    NGFarah Pty Limited
    Martin Farah
    NGFarah Pty Limited
    David Yacoub
    NGFarah Pty Limited
    David Yacoub
    NGFarah Pty Limited

    Property Highlights

    Property ID2016977269
    Floor AreaAsk Agent
    Land Area539 m²
    Parking2 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 May 2021
    NGFarah Pty Limited
    353 Anzac Parade Kingsford NSW 2032
    Martin Farah
    NGFarah Pty Limited
    Martin Farah
    NGFarah Pty Limited
    David Yacoub
    NGFarah Pty Limited
    David Yacoub
    NGFarah Pty Limited

    Ask Martin Farah about this property

    Martin Farah

    Martin Farah

    NGFarah Pty Limited

    David Yacoub

    David Yacoub

    NGFarah Pty Limited

    0418 *** ***
    0418 402 015

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