Property Details
A prime investment opportunity with a return of more than 4% p.a. net, this three-level terrace is set on a dual-access block in the vibrant heart of Paddington. Ideally situated 200m (approx.) to St Vincent’s Hospital, 400m (approx.) to Taylor Square and footsteps to UNSW Art & Design campus, the substantial Victorian building comprises 3 x one-bedroom apartments and a retail shop under lease by a fashion boutique. There is also potential for parking (STCA).
Retaining high ceilings and original details, the current layout includes the shop (with a storeroom and separate toilet), two apartments on the lower ground floor (with secure access via the courtyard opening to Holdsworth Lane) and the top floor apartment with its own entry on Oxford Street. Featuring a sunny North East rear aspect and rear lane entrance, the property also offers unlimited potential for a home and income.
In a popular urban lifestyle precinct with buses, cafes, dining and Palace Verona cinema at the doorstep, the property is positioned for ultimate convenience with an easy walk to Darlinghurst, Surry Hills, harbourside Rushcutters Bay and the city; also Moore Park and Centennial Park.
PROPERTY FEATURES
Prized investment returning more than 4% p.a. net
Retail shop and 3 x one-bedroom apartments
Shop with air-conditioning, storeroom & separate toilet
Block with dual access and & potential parking (STCA)
Secure rear courtyard with North East aspect
Convenient position close to St Vincent’s Hospital
