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115 Garden Street
Maroubra NSW 2035
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Sold on 27 Sep 2023

115 Garden Street Maroubra NSW 2035

  • Other
  • 420 m²
  • Sold

First time offered to the market in 60 Years

    I.B Property proudly introduces a remarkable investment opportunity: a 12-room Boarding House at 115 Garden Street, Maroubra.

    At the front of the property, you'll find a 3-4 bedroom cottage with a lounge room, bathroom, and eat-in kitchen. Additionally, attached to the cottage is a 2-storey double brick building featuring 8 fully furnished, self-contained studio apartments. Each apartment is equipped with its own bathroom and kitchenette.

    Spanning an impressive 420 sqm* of land, this property offers ample space and includes a designated parking spot for one car. With an R2 Low-Density Residential zoning, the property is presently fully leased and functions as a registered 12-room Boarding House, offering a dependable income stream with an annual gross income of $191,364*.

    This Boarding House benefits from its proximity to key landmarks like Maroubra Junction, Pacific Square Shops, Westfield Eastgardens, Maroubra Beach, University of New South Wales, and Prince of Wales Hospital. Easy access to Juniors Kingsford Light Rail and buses to the CBD.

    Key Highlights:
    First time offered to the market in over 60 years
    Land area: 420 sqm*
    Fully furnished 8 studio apartments each with their own bathroom and Kitchenette
    Fully Furnished 3-4-bedroom cottage
    Fully compliant with fire safety regulations
    A communal laundry with a coin-operated washing machine and dryer
    Courtyard with a washing hoist and a shed, providing additional storage
    Rental reversion opportunity
    Unbeatable Location

    This is your chance to secure an investment that redefines success.

    115 Garden Street, Maroubra will be open every Wednesday between 12:00 pm -12:30 pm, and is for sale via Public Auction on Thursday, 28th of September 2023 at 10:30am.

    Contact our exclusive selling agents to embark on a journey of prosperity with 115 Garden Street, Maroubra.

    AUCTION

    Auction date and time28/09/2023 10:30
    Auction locationCooley Auction CBD Dexus Place
    IB Property
    IB Property
    322 Crown Street
    Surry Hills, NSW 2010

    Property Highlights

    Date Sold27 Sep 2023
    Floor Area420 m²
    Land Area420 m²
    Parking1 x Onsite parking
    Property ID2018735000
    Category
    Last updated  27 Sep 2023
    Map for 115 Garden Street Maroubra NSW 2035
    IB Property
    IB Property
    322 Crown Street
    Surry Hills, NSW 2010

    Property Highlights

    Date Sold27 Sep 2023
    Floor Area420 m²
    Land Area420 m²
    Parking1 x Onsite parking
    Property ID2018735000
    Category
    Last updated  27 Sep 2023

    More about 115 Garden Street Maroubra NSW 2035

    115 Garden Street Maroubra NSW 2035 is categorized as Other Property. It has a floor area of 420 m² and a land area of 420 m². There are 1 x onsite parkings.The listing ID for this property is 2018735000.

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