1 Johnston Street, Annandale, NSW, 2038

X Commercial and HTL Property are delighted to present an exceptional investment opportunity at 1 Johnston Street, Annandale, located in the highly sought after Inner West of Sydney.

This charming Victorian boarding house offers a unique blend of classic architecture and modern functionality. The property consists of 14 rooms, providing a mix of self-contained studios and double rooms with shared facilities. Set across four levels, the building features rear lane access, offering convenient parking and storage options. The property is currently fully leased, generating a net income of $182,000 per annum, with further potential for rental reversion, providing a compelling opportunity to increase rental yields.

Situated just 5km from the Sydney CBD, this prime location offers unmatched convenience and connectivity. The area is well served by frequent bus routes and the light rail, providing direct access to the city. Positioned near the intersection of Parramatta Road, a key artery leading into the CBD and linking to the M4 Motorway and Great Western Highway, the property enjoys easy access to greater Sydney.

Key Highlights of 1 Johnston Street, Annandale:

- Approved 14 room Victorian boarding house

- Rental reversion opportunity

- Current net income $182,000* per annum

- Mix of self-contained units and rooms with shared facilities

- Rear access, parking and storage

- Site area 450sqm*

- Communal laundries & communal living areas

- 1km* Stanmore train station

- 2km* to The University of Sydney

- 5km* to Sydney CBD with multiple bus routes along Parramatta Rd

Property to be sold via Auction Thursday 10th October 2024, Auctionworks Mezzanine 50 Margaret Street, Sydney

For more information or to organise an inspection, please contact the exclusive agents.

HTL Property

Nic Simarro - 0403 005 776

X Commercial

Daniel O'Brien - 0404 860 747

Lachlan Palm - 0431 723 010

*Approx

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