54 Fern Street
Clovelly


AUCTION

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Property Features


Property ID: 3439364

Classic 16 Room Boarding House - Perfect for Investment or Convert to Family Home


Auction Location: Homely Auction House, Double Bay, Level 1/29-33 Bay St, Double Bay NSW 2028.

Classic 16 Room Boarding House- Perfect for Investment or Convert to Family Home
A prized position on the border of Clovelly and Randwick is this character residence consisting of 16 over-sized bedrooms and 4 large bathrooms.

Operating as a boarding house the property has wonderful potential to generate income or be converted to a grand family home. Create a boutique Manor accommodation with contemporary appeal or redesign as an elegant house, this versatile development opportunity boasts huge accommodation at the front and a new extension wing at the rear across a substantial 538.6 sqm block.

A highly convenient location in close proximity to many beaches, shopping and abundant transport connecting throughout the eastern suburbs and Sydney.

Current year income $286,264* (based on 100% occupancy)
16 well sized bedrooms
4 very spacious well maintained bathrooms
High ornate ceilings, feature fireplaces
All rooms furnished and are included in sale
Communal rear yard with established trees and sitting area
Huge front yard with over 13.9* meters setback from Fern Street
Off street parking for two cars
Rare opportunity to acquire a licensed boarding house in the Heart Sydney's East
East-facing, Land size 538.8sqm*
R3 Zoning & FSR - 0.75:1
Ultra-convenient location, a short drive from Coogee and Clovelly Beaches

Conjunction Agent: NG Farah | Martin Farah 0418 402 015

Contract and Information Memorandum available upon request

Inspection: Thursday & Saturday 1.30pm - 2.00pm
Auction: Tuesday 25th May 2021 at 6.00pm
Venue: Homely Auction House, Double Bay

Disclaimer: While all care has been taken in compiling information regarding properties marketed for rent or sale, we accept no responsibility and disclaim all liabilities in regard to any errors or inaccuracies contained herein. All parties should rely on their own investigation to validate the information provided.

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