Charming Victorian Boarding House
4 Moore Park Road, Paddington
This grand Victorian terrace currently operates as a very successful approved boarding house, fronting Moore Park Road and with prized car access for 3 or more vehicles via Josephson Street.
Potentially return in excess of $255,000pa based on 15 rooms (S.T.C.A)
The property is situated on 382sqm of land, spread across two levels. The accommodation consists of 12 approved rooms to accommodate 12 occupants. Numerous common areas, a total of 7 bathrooms inclusive of some rooms with ensuites, an abundance of outdoor spaces, balconies and patios.
Recent extensive renovations combined with its prime location ensures an attractive investment.
Astute investors may find ways to increase property’s turnover and /or discover strategies to increase net yield and the possibility to benefit from depreciation allowances. Further development of the property may also be an option subject to council approval.
Select an option below to find out how much you may need to pay.