On offer is this exceptional opportunity for buyers or investors to secure a large traditional property and capitalise on its many options. Supremely well-located on Glebe's signature thoroughfare and within footsteps to buzzing cafes, restaurants and transport options, this grand tri-level Victorian terrace is now on the market for the first time in more than 40 years and presents a unique prospect with a big future. It is currently configured as an 8-room low-cost accommodation dwelling with great income-earning potential but could possibly be updated, extended or converted back into a magnificent family home, less than 3km to Sydney's CBD.
- Tri-level Victorian terrace configured with eight lettable rooms
- All rooms are well-presented with timber floors and kitchenettes
- Private landscaped back garden with rear access to Lombard Lane
- Views to the fish market and Blackwattle Bay from the upper level
- Two bathrooms plus a shared laundry, high ceilings and storerooms
- Current income earnings of $107,000 pa approx
- Outstanding growth and rental capacity with solid annual returns
- Land tax exemptions under low-cost accommodation historically provided to reduce land tax payable by over 85%.
- Easy access to the water's edge, light rail and Sydney Fish Market
- Possibility to revert back into a Grand Family residence if desired STCA
- Rear access via Lombard lane for a vehicle STCA
