2 well-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.

9 & 11 Park Road provide a stable cash flow and operation of a business with potential development in the near future. Both properties can be sold together or sold separately, both can also be renovated to turn into a 4 bedrooms house with sep. in-law accommodation or rebuild your dream home.

The properties are in close proximity with 5 minutes walk to St. Leonards Station, buses, Royal North Shore Hospital, TAFE and the lively cosmopolitan amenities including cafes, bars, restaurants and entertainment facilities. Close to top selective schools such as North Sydney Boys High, North Sydney Girls High, Chatswood, North Sydney etc.

* 9 Park Road (Approx. 545 sqm) - 11 studios include approved lounge & laundry with 2 cars on-site parking
11 Park Road (Approx. 491 sqm) - 12 studios include approved lounge & laundry with 5 cars on-site parking
Plus plenty of on-street parking
* Each Studio has ensuite bathroom, NBN internet, wardrobes, r/c a/c, TV, fridge, kettle and microwave
Some rooms at 9 Park Road have living area, balcony and City views to enjoy the New Year Eve fireworks
* Common kitchens equipped with gas cook top in each block. There is also a common laundry located at 9 Park Road
* 2019 Annual rent :
9 Park Road $274,040
11 Park Road $277,680
* Approx. Annual Outgoings:
9 Park Road - Council rate : $10,391.79 Water rate : $2,822.76
11 Park Road - Council rate : $ 9,598.70 Water rate : $2,521.96
Land tax : Exempt (minimum 3 months lease)


UNIQUE OPPORTUNITY ! DON'T MISS OUT ! MUST INSPECT !

Agent in Conjunction :
Michael Buium 0408385385
Raine & Horne Commercial