A prominent Cooks Hill property on the corner of Corlette street, Elizabeth House is a tri-storey brick building originally built in 1954 as a hostel for the YWCA. Currently configured as a 54-room boarding house featuring large communal lounge and dining rooms, a commercial kitchen, eleven bathrooms and a laundry, it is being sold with tenancies in place. In a superb location that has Darby Streets cafes and boutique shopping moments from the door and the sand and surf of beautiful Bar Beach at the end of the street. An opportunity exists for a purchaser to further grow the existing income stream with a number of future flexible development opportunities. This significant property offers a number of features that make this a unique offering.
A prime and proven multi letting investment located in one of Newcastles prized suburbs
Land size of 1,948sqm, zoned R3 Medium Density Residential with second frontage to Corlette Street
All rooms are furnished with functional layouts, a single bed and built-in robe
Commercial kitchen fully equipped with gas cooking, cutlery, crockery, fridges and microwaves
Each level opens to a balcony or gardens
Garden shed, multi-vehicle driveway parking and bike storage
Information memorandum available on request.
DISCLAIMER
We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits.
