16 Kellett Street, Potts Point

$5,000,000 to $5,500,000

OVERVIEW

Property ID1P0933
Price$5,000,000 to $5,500,000
TypeBlock Of Units
ContractFor Sale
Inspections
- As Advertised or by Appointment
- Thu 5th of Mar
  12:30 PM - 12:45 PM
Location16 Kellett Street
Potts Point
Bedrooms11
Bathrooms10
Land Size78m² approx.
Water Rates$920.47 Quarterly
Council Rates$718.50 Quarterly

DESCRIPTION

Huge Investment Potential

OPEN INSPECTION THURSDAY 5th March 12.30pm to 12.45pm

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.
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.