18 Morgan Street Petersham NSW 2049

D'Ettorre Real Estate is delighted to present a unique opportunity to the market. This property is a licensed class 3 boarding house, approved for 9 rooms and 22 occupants. Ideally positioned on a corner block, it boasts a generous 521sqm land size. The property retains its original condition and offers immense potential for value addition, leading to a substantial increase in current yields.

Property overview:
• Accommodating 9 rooms including 1 managers quarters, 3 bathrooms, communal kitchen, and separate laundry
• The property has two separate dwellings
• Current income approximately $75,920 per annum
• Opportunity to renovate and increase tariffs or totally redevelop to increase rooms and bathrooms S.T.C.A or change use as a grand home or redevelopment project S.T.C.A
• Land size 521 sqm
• Zoned R2 Low Density Residential
• Height: 9.5m, FSR: 0.6:1

The property enjoys a sunny north facing aspect with dual street access with its convenient corner position via Napier Street.

It is only a short stroll to New Canterbury Road with its variety of famed Portuguese eateries, cafes and transport. Petersham is located 6 kilometres south-west of the Sydney CBD.

Inspections by private appointment or as advertised.

Inspection 12:00pm - 12:30pm Saturday 12th August