Held by the one family for more than 50 years, this landmark Federation estate presents a once-in-a-generation opportunity to secure a substantial landholding of approximately 760sqm directly opposite Centennial Park. Known as KIAHBITAH and home to Centennial Park Lodge, the property currently operates as a licensed boarding house comprising nine self-contained loft-style studios, a management office and a separate three-bedroom residence, delivering strong and immediate rental returns.
Offering exceptional flexibility, this is a rare opportunity to secure a proven income-producing asset from day one, further enhance its investment potential, or explore the extraordinary possibility of recreating or reimagining the property as one magnificent family estate (STCA). Perfectly positioned within walking distance of the light rail, express city buses, Randwick TAFE and village cafés, it is also moments from esteemed schools, Prince of Wales Hospital, UNSW and Sydney's iconic eastern beaches.
Property Features:
- Approximately 760sqm of land
- Tightly held and offered for the first time in over 50 years
- Licensed boarding house comprising nine self-contained loft-style studios
- Separate three-bedroom residence and on-site management office
- Strong rental income from an established and well-positioned boarding house business
- Exceptional scope to enhance investment returns over time
- Opportunity to recreate one magnificent landmark family residence (STCA)
- Outstanding flexibility for investors, developers and owner-occupiers alike
- Exquisite period detailing and soaring ornate ceilings
- Original timber floorboards and preserved marble fireplaces
- Common areas, front reception space and leadlight windows
- Side driveway access to two off-street parking spaces
- Directly opposite the expansive greenery of Centennial Park
- Stroll to the light rail, Randwick TAFE, village shops and cafés
- Close to esteemed schools, Westfield's retail and dining precinct
- Moments to The Spot, Prince of Wales Hospital and UNSW
- Close proximity to Sydney's eastern beaches and the CBD
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