321-323 Parkway Avenue, Hamilton East, NSW 2303

Hotel/Leisure | Development/Land | Other

Sold

  • Property ID: 440142
  • Floor Area: 390m²
  • Land Area: 657m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 23/02/2024 390m2 657m2 Contact Agent
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.

Hamilton East Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $462 ---
This is the average advertised price, rent and yield for Hamilton East, NSW 2303*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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