14-16 Ramsgate Street, Botany

23 ROOM BOARDING HOUSE ON APPROX 1,372 SQM OF LAND IN THRIVING BOTANY

Set on an exceptionally deep and wide block in a quiet street in Botany, this large boarding house is offered as a going concern. In the old days the block incorporated a dairy however today it comprises three separate dwellings offering accommodation and associated amenities for up to 27 tenants with a manager and on site caretaker overseeing operations. As an ongoing investment it yields sound returns and while modern updates would certainly add value there may also be scope to expand on the existing buildings STCA. A quick trip into the CBD; it's also within 10 minutes drive of the domestic and international airports plus Port Botany.

23 rooms of varying dimensionsGas kitchen - meals currently providedSpacious common room/dining areaSeparate male and female bathroomsExpansive level lawn, plenty of parking100m to city buses, level stroll to shopsBarely 15 minutes commute to the CBDKey location with solid growth prospects
DETAILED INFORMATION MEMORANDUM AVAILABLE ON REQUEST

Council Rates: $1,559 pq
Water Rates: $506 pq