16 Kellett Street, Potts Point

Huge Investment Potential

BY APPOINTMENT - CALL Trish 0404893883

Boarding house with 11 rooms in Kellett Street - Once a gastronomic centre for fine food in Sydney's East. Now on the cusp of a revival as prices increase and changing urban dynamics occur in the area of Potts Point.

Don't miss this opportunity to get in on the ground floor.
Sunday Telegraph 23rd October 2016 mentioned the once in a life opportunity
"Nightclubs get bounced for high-rise"

11 Room boarding house
Presently grossing $202,774 per year
10 en-suite
3 rooms with kitchenettes
1 room has been converted into studio, with otherrs potentially can be made similar.
Recently updated rooms with new floor, all paintings throughout, new buddings for unit 1, 2, 3, 6, and soon 8 & 5
Brand new communal kitchen with laundry facilities
Internal dimensions of 237 sqm's
Great location - handy to Trains, Buses, Eastern Suburbs, Beaches and City
Zoned B2
Potential to improve or renovate (STCA)

Suit:
Investor
Developer
Renovator

*Agents interest.

**Inspection by appointment on Fridays.