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.