9 & 11 Park Street,St Leonards, NSW, 2065

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

Inspection Saturday and Wednesday 11.00 - 12.00

Remember to mention you found this property on CommercialReady.com.au