This is a unit on a lot in 19/DP1637 Coogee NSW. Constructed in 1920, it has 3 bedrooms, 1 bathroom.
'ARDEN HOUSE' WITH BOARDING ACCOMMODATION - SELLING FREEHOLD OR LEASEHOLD Beautiful Victorian Architecture, built at the turn of the century. A landmark building in the beachside suburb of Coogee. Recently renovated and currently operating a well-established Boarding House business. This substantial building was one of the first buildings established in the seaside suburb of Coogee.Its location is within 300m of the famous Coogee Beach and less than 50 meters to two main bus routes. Approximately 7klms to both the Sydney CBD and Kingsford Smith Airport.Sitting proudly on a corner block, this immaculately presented building consists of:-- 9 guest rooms- One large communal kitchen- One large dining room- 3 bathrooms, each with shower, toilet & basin- One additional Toilet- 2 External Alfresco areasPROPERTY DETAILS:- SIZE OF LAND 322.5M2 zoned medium density residential- TOTAL BUILDING: 297m2 existing floor- CURRENT DA APPROVALApproval has been given for 3 additional rooms, laundry, additional kitchen, additional bathroom + 50sm2 (additional 58m2) + workshop and scooter parking.- FUTURE POTENTIAL:- Possible potential for residential apartments offering water views.THE BUSINESS: -Arden House has been operating as a guest house for many years. Majority of boarders are long term, providing consistent income. (All financials can be provided). It is very easy to run with very little outgoings. The communal areas require cleaning daily and borders maintain their own rooms. The business is a genuine going concern.OPTIONS FOR PURCHASE:-This is an opportunity for investors, property management businesses, self-managed super fund (SMSF) or those seeking a secure asset and steady income.Purchase property and business outrightPurchase the business and lease the premises (leasing terms can be negotiated)YOUR EXPRESSIONS OF INTEREST ARE INVITED FOR EITHER OF THE OPTIONS ABOVE.