3 Botany Street Randwick NSW 2031

High yielding investment opportunity under the same ownership for 23 years; this charming guesthouse from 1910 has recently undergone renovations to unite period elegance with a sophisticated contemporary aesthetic.

Spread over 536sqm of land it features 21 boutique rooms with kitchenettes (9 fully self-contained) and occupies a premier position just metres to cafes, boutique shopping, parks, cinemas, beaches, schools, light rail, UNSW & Prince Of Wales Hospital. With long- & short-term accommodation & additional Air B&B with high yielding income, this truly is a proven & secure investment opportunity in the heart of the highly prized suburb of Randwick.

Property overview:
• Same ownership for 23 years
• 536sqm, zoned R3 medium density residential, FSR 0:9:1, Height 12m
• 21 boutique rooms with kitchenettes, 9 fully self-contained with ensuited
• To be sold fully furnished as a going concern
• Solid investment GAR $526,431 CY2023
• Common areas include rear courtyard with BBQ, laundry room with coin operated facilities & modern gas kitchen with amenities
• Solar panels and batteries proving to greatly reduce electricity bills.
• Handy and functional large outdoor automated retractable awning with weather sensors.
• Separate office with plenty of storage space
• All rooms feature digital combination locks
• Secure lock up garage with additional car space
• Ultra convenient location, walking distance to all that Randwick has to offer

Open For Inspections: Wednesdays 1:00pm - 1:30pm

In conjunction with Oxford Agency.
Matt Marano - 0404 089 362
Daniel Marano - 0430 458 223