“Randwick City Lodge” A beautifully appointed boutique guesthouse

High yielding investment opportunity First time offered in 20 years; this charming guesthouse from 1910 has recently undergone renovations to unite period elegance with a sophisticated contemporary aesthetic.

Spread over 536sqm of land it features 21 boutique rooms with kitchenettes (9 fully self-contained) and occupies a premier position just metres to cafes, boutique shopping, parks, cinemas, beaches, schools, light rail, UNSW & Prince Of Wales Hospital. With long- & short-term accommodation & additional Air B&B with high yielding income, this truly is a proven & secure investment opportunity in the heart of the highly prized suburb of Randwick.

 Property overview:

• First time offered in 20 years
• 536sqm, zoned R3 medium density residential, FSR 0:9:1, Height 12m
• 21 boutique rooms with kitchenettes, 9 fully self-contained with ensuited
• To be sold fully furnished as a going concern
• Solid investment GAR (2023 Calendar year)  $526,431
• Common areas include rear courtyard with BBQ, laundry room with coin operated facilities & modern gas kitchen with amenities
• Separate office with plenty of storage space
• All rooms feature digital combination locks
• Secure lock up garage with additional car space
• Ultra convenient location, walking distance to all that Randwick has to offer

In conjunction with Oxford Agency.
Matt Marano – 0404 089 362
Daniel Marano – 0430 458 223

Auction details:

10:30AM, Tuesday  23^rd April 2024, at Auction works, Mezzanine level, 50 Margaret Street, Sydney.

Inspect:

First inspection on 20 March 2024 and then every Wednesdays 1:00Pm to 1:30Pm  or by private appointment.