638 , King Street, ERSKINEVILLE, NSW


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Prime Business Opportunity with Approved Boarding House Plans


Auction Date: Thursday 28th of November 2019 10:30:00 AM

Property Features
  • Category : Retail, Hotel/Leisure
  • Land Area:152 Square Metres
  • Building Area: 250
  • Tenancy: Vacant

Property Description
This unique property offering represents an exciting opportunity to acquire a versatile commercial package with high exposure to King Street. It is presented in solid condition and features multiple rooms over three levels and a private courtyard at the rear. Formerly used as a bordello, the property also offers excellent future potential and comes complete with DA approved architect plans to develop the site into a nine-room boarding house and ground floor cafe that will really take advantage of its prime city edge position.

Features include:
- Approved DA and CC plans for a 9-room boarding house plus ground floor cafe or retail
- Occupying a 152sqm block of land with a private courtyard
- 250sqm of floorspace includes 11 client rooms with showers
- Entrance foyer, waiting area plus male and female bathrooms
- Finished plans have an approximate future return of $190,000 - $210,000 p.a
- Great business opportunity, suitable for a variety of uses
- Prime location flanked by popular restaurants, bars and transport
- St Peters train station is less than 300 metres away
- Newtown and Erskineville Station just 950 metres away

Land Size: 152sqm
Floorspace: 250sqm
Water Rates: $760 pa
Council Rates: $3042 pa

Figures are approximate only.
Property Agent

Advert Id:78828

Name:Chris Albrecht

Phone: 0413 4****

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