Two Paddington terrace boarding house listed

Two Paddington terrace boarding house listed
Two Paddington terrace boarding house listed

Two Paddington terraces that are operating as a high yielding 16 studio boarding house have been listed for sale.

The Paddington Oatley Road properties on two separate titles are being offered in one line.

Last traded for $1.05 million in 2009, the properties yield over $406,000 per annum.

All of the studio's are fully self-contained, offering a variety of different floorplans. 

Spread over two levels, there are two triple studios, 10 double studios and four single studios.

They all have their own kitchenette and wall-mounted flat screen TV and are being sold as a going concern with all furnishings and inventory included in the sale.

There are two communal courtyards, the main featuring outdoor tables, chairs and barbecue facilities.

Each terrace has coin-operated laundries.

D'Ettorre Real Estate Woollahra agent Dominic D'Ettore is marketing the property for a July 17 auction in conjunction with McGees Property agent John Grujovski.

 

 

 

 

 

 

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Darlinghurst Boarding House

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