1385 Botany Road
Botany,
2019
NSW
Corner Site in Botany - Boarding House Rooms + Retail
THE OPPORTUNITY
This corner site property offers the rare opportunity to secure a well performing multi-tenanted investment with upside site in the heart of the growing suburb of Botany. This asset presents its new owner with the potential to occupy the ground level retail/commercial space and enjoy significant income from the above boarding house. Alternatively, an astute investor will have the opportunity to add value to this asset by securing a tenant in the ground floor retail space and increase revenue from the boarding house with some cosmetic upgrades.
KEY FEATURES
- 10 Boarding House Rooms
- 330sqm (approx.) of retail/commercial space
- 3 Street frontages
- Rear lane access
- 4-5 off-street car spaces
- Boarding house income: $141,400 (100% occupied)
- Estimated retail/commercial income: $103,950 + GST
- Estimated total income potential: $245,390 + GST
- Potential to increase annual income with cosmetic renovations
- Perfect to occupy and supplement income or invest
AREA BREAKDOWN
Land Area: 400sqm (approx.)
NLA: 660sqm (approx.)
Car Spaces: 4 - 5
For further information please contact Alex Bennett on 0439 646 997 or Charlie McKenzie on 0416 833 118.
For Sale Contact Agent
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Charlie McKenzie