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SOLD

321-323 Parkway Avenue, Hamilton East, NSW, 2303

Properties / Sold / New South Wales / Hamilton East

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

CURRENT BID $1.508 M

Land Area

657 m² (*approx)

Floor Area

390 m² (*approx)

Property Type

Hotel/Leisure, Land, Other

Sub-type

Boarding Houses

Est. Income

$142,740 p/a

Car Spaces

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2. Property Highlights

Licensed (15) Room Boarding House with Room to Grow

CURRENT BID $1,508,888 - 10 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steve Dick on 0400 000 947 immediately to become qualified and avoid disappointment.

Situated in the ultra handy location of Hamilton East, is this approved and occupied boarding house which has be operating for many years.

There are a mixture of rooms throughout the two properties (which are on two titles), and joined by a large central hallway and entry between the two buildings. Each property has its own common kitchen and bathrooms. Two rooms have their own kitchenette and shower facilities.

The (15) rooms are never vacant given the housing shortage, however the property has plenty of room for growth when acquired, with some modifications and improvements and upgrading of aesthetic features.

Currently returning $157,300pa (Gross) with the potential of returning up to $196,560 (Gross).

The owner has just retired and is looking for a simpler lifestyle by selling some of her more active investments that require her involvement.

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Hotel/Leisure, Land, Other

Sub-type

Boarding Houses

Est. Income

$142,740 p/a

Land Area

657 m² (*approx)

Floor Area

390 m² (*approx)

Car Spaces

Selling Method

For Sale

Auction Date

22 Feb 2024 06:00PM

Add to calendar

Selling Details

CURRENT BID $1.508 M

2. Property Highlights

Licensed (15) Room Boarding House with Room to Grow

Situated in the ultra handy location of Hamilton East, is this approved and occupied boarding house which has be operating for many years.

Currently returning $157,300pa (Gross) with the potential of returning up to $196,560 (Gross).

The owner has just retired and is looking for a simpler lifestyle by selling some of her more active investments that require her involvement.

Remember to mention you found this property on CommercialReady

321-323 Parkway Avenue, Hamilton East, NSW, 2303 Hamilton East

MOVABLE

92-94 Darby Street, Cooks Hill, NSW, 2300

Steve Dick

+61 *** *** *** show +61 400 000 947

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

321-323 Parkway Avenue, Hamilton East, NSW, 2303