Sydney Inner-West Boarding House For Sale by HTL Property and XCommercial

Specialist national brokerage firms, HTL Property and XCommercial, are pleased to offer for sale a refurbished boarding house in Sydney’s inner-west via Public Auction.

Boasting a central location within Sydney’s inner-west, 1 Johnston Street, Annandale is conveniently located within a short stroll from Rozelle Bay Light Rail Station and Stanmore Train Station. In addition, the property benefits from its proximity to village shops, shopping and the café culture in Booth Street.

1 Johnston Street comprises 14 king-sized bedrooms each with private kitchenettes. There are shared bathrooms across the four level property; and a shared main kitchen which displays cooktop, bench space and timber floors.

Each bedroom is modern inside and offers a neutral blend of wood like/carpet flooring. Further, a number of the bedrooms enjoy balcony or alfresco areas.

1 Johnston Street is situated upon a 450sqm* land parcel in the heart of Annandale.

“We have an environment in which prices and rents are growing significantly faster than wages, low-income households can only afford one percent of homes sold each year and 170,000 households are on public housing waiting lists” commented HTL Property Director, Nic Simarro.

“Accordingly, we believe assets offering long term accommodation solutions such as this one, will thrive over the short term and become the preferred sector in the commercial property market” concluded Simarro.

“In this ever-changing market, median rents continue to increase across the inner-west with Annandale seeing ranges from $438 per week for one bedroom units to a substantial $1,190 for 3 bedroom units” added Daniel O’Brien, CEO of XCommercial.

“When taking into consideration the drivers of rental increases across the inner-west, it paints a fairly straight-forward picture of the future value uplift in the asset” concluded O’Brien.

1 Johnston Street, Annandale is for sale via Public Auction on October 10, 2024. For further information regarding this asset, please reach out to the exclusive agents.

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*Approx.