A Pair Of Terraces With Dual Street Access And Multiple Parking Offered In One Line, Currently Utilised As A Boarding House

First time offered, this pair of adjoining Victorian terraces on a vast 278 sqm in the heart of Chippendale's leafy creative quarter presents a remarkable opportunity. Currently utilised as a 13-room boarding house, this two-storey property is set on a level dual access block just up from Peace Park in a dynamic city fringe enclave home to celebrated galleries, design studios and eat streets on the city fringe. This solid income-earner comes with secure parking for four cars via Pine Place and offers potential to renovate and improve your return, exciting redevelopment potential to create either new-gen studios or a boutique residential development or reconfigure into two grand family homes (STCA). A key location just over 2km to the CBD in Sydney's university belt, a level walk to Central Park Mall, assures strong rental demand along with capital growth potential ideal for the long-term investor, SMSF buyer or developer keen to explore the myriad of redevelopment opportunities.

- Pair of Victorian terraces on 2 titles
- Offered in one line, 278 sqm approx. combined land parcel
- Dual street access via Pine Place for 4 cars
- Invaluable city fringe landbank asset
- Creative arts hub & design precinct
- Part of an eclectic leafy streetscape
- Fringing Sydney's university district
- Currently operating as a 13 room boarding house since 1983
- Low vacancy, steady income stream
- Attractive long-term rental returns
- Shared common areas, gas kitchens
- 3.5 bathrooms and laundry facilities
- Some original features, high ceilings
- Refurbish and increase rental yield
- Potential to create studios or boutique residential development (STCA)
- Option to recreate 2 grand terrace homes - each with multiple off street parking (STCA)
- Leafy street surrounded by pocket parks
- Stroll to celebrated cafes & galleries
- Walk to Central Park Mall, Spice Alley
- 550m to Chippendale Green's urban park
- Walk to University of Sydney & UTS
- 800m to Redfern station & village hub
- Easy city access, 2km approx. to CBD