9 - 11 Park Road St Leonards NSW 2065
- Development / Land
- 1,036 m²
- Commercial Auction
Two Freestanding Boarding Houses With Future Development Potential
- Two Freehold Boarding Houses
- Approved 23 rooms
- Land area of 1036 Sqm (approx.)
Raine and Horne Commercial In-conjunction with Richardson and Wrench Gordon are pleased to offer for sale by Public Auction these two freehold boarding houses located in this tightly held pocket of St Leonard's.
Two established Boarding Houses consisting of 2 adjoining freehold properties with separate Torrens Titles on a total substantial land of approx. 1,036 sqm.
A total of 23 rooms with common kitchen in each block, on-site parking for 7 cars and dual frontage.
Located within close proximity to St. Leonards Station, buses, Royal North Shore Hospital, TAFE and the lively cosmopolitan amenities including cafes, bars, restaurants and entertainment facilities.
Key Selling attributes:
* Land area:- 1036 Sqm (approx.)
* Approved 23 studios 11 studios include approved lounge and communal laundry
* Each Studio has ensuite bathroom, NBN internet, wardrobes, r/c a/c, TV, fridge, kettle and microwave
Some rooms at 9 Park Road has a living area, balcony and City views to enjoy the New Year Eve fireworks
* Parking for Seven (7) cars via Park Lane.
* Approximate Annual rent: $551,680 per annum
* Approximate Annual Outgoings:
Council rates : $20,000
Water rate : $5348
Land tax : Exempt (80% of the studios with minimum 3 months lease)
* Zone: R2
Agents in Conjunction:
0416 238 288
|Auction date and time||07/08/2021 12:00|
|Auction location||9 - 11 Park Road, St Leonards NSW|