100 Lucas Road, Burwood NSW 2134

  • 9 Beds |
  • 5 Baths |

For Sale

Immense & Rare Opportunity In The Heart of Burwood

Presenting one of the rarest opportunities in Sydney's Inner West as this home proposing multiple possibilities to suit either the astute investor or for the owner occupier looking to build their dream family home. North east facing and set on a 860m2 parcel of land with a fantastic 18 metre street frontage, this grand and glorious Federation home is currently DA approved with an inspiring architect design to suit every family. Currently utilised and operating as a fully licensed boarding house with 8 separate lettings returning over approx. $102,000.00 per year. Ideally positioned in a desired location only moments to Burwood train station and shopping precinct, you will not be disappointed by the ultra-convenient lifestyle. Offering a monumental opportunity to the market place with huge growth potential, this is a property you must inspect.

Features:

*Seven room boarding house plus a separate self-contained two bedroom flat upstairs. Currently land tax exempt.
*Council approved for an extension at the rear of the house with basement parking accommodating for two cars plus storage
*Currently eight separate lettings with plenty of room for aesthetic improvements with possibility to then increase rental return
*Downstairs: Seven bedrooms, two kitchens, four bathrooms.
*Upstairs: Two separate bedrooms, kitchen, bathroom, roof terrace, combined lounge and dining

Income Potential:

*Room 1: Inclusive of bedroom, private bathroom and kitchen - $300.00 per week
*Room 2: Inclusive of bedroom - $240.00 per week
*Room 3: Inclusive of bedroom - $230.00 per week
*Room 4: Inclusive of bedroom - $140.00 per week
*Room 5: Inclusive of bedroom, private bathroom and kitchen - $200.00 per week
*Room 6: Inclusive of bedroom - $250.00 per week
*Room 7: Inclusive of bedroom - $175.00 per week
*Room 8 & 9: Inclusive of two bedrooms, terrace, bathroom, kitchen, dining and lounge - $380.00 per week

Read More

Make an Enquiry

Hiroyoshi Ken Miyagawa

Sales Executive & Licensed Real Estate Agent

 9642 4288

 0478 017 870

Matthew Everingham

Director, Auctioneer, Licensed Real Estate Agent

 9642 4288

 0402 423 893

FOR SALE

For Sale

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