40 Glenmore Road, Paddington

Sold $2,760,000

Unique Opportunity to transform a large cottage on 183sqm land in the heart of Paddington

Be inspired by this double-fronted cottage home's enormous potential to transform into a rare rambling family home in a fantastic location near the Intersection's high-end fashion hub. Currently configured as four self-contained apartments with a monthly yield of c$7,000, the two-storey home's 183sqm approx landholding and flexible layout is ideally suited to the investor or renovator.

- 9m frontage to Glenmore Road
- Zoned for low density residential
- Currently configured as 4 apartments
- 3 one-bed apartments and 1 studio
- Apt 1 & 2 with a 36.4 sqm layout
- Apt 3 features a 45.7 sqm layout
- Apt 4 is a 25 sqm studio apartment
- Large garden, room to extend STCA
- Handy rear access to Hopewell Street
- Versatile potential to renovate
- Excellent capital growth potential
- Stroll to Oxford St shops and galleries

Land Area:183m2
Outgoings
Water Rates:$196.73 Quarterly
Council Rates:$878.98 Quarterly
Location