City Fringe Backpacker Hostel | With Approved Upside

673-677 Darling Street, Rozelle, New South Wales 2039

Hotels For Sale

Private Treaty
Floor Area: 391.00 m2.    

Description

Colliers International are excited to offer 673-677 Darling Street, Rozelle to the market.

Key property highlights include:

- Huge site area of 423.5m2 with rear lane access
- Fantastic location benefiting from high levels of passing pedestrian and vehicular traffic, also being only 4 kilometres from the Sydney CBD
- Moments to local bus routes servicing Rozelle to Parramatta, Ryde, Bondi Junction, Campsie, Haberfield, Leichhardt and the Central Business District
- Substantial cashflow opportunity with undercapitalised 85 bed backpacker hostel
- Development application approval for an additional 8 residential apartments (3 x 2BR, 2 x 1BR and 3 x S) above the existing building parking area
- Undercapitalised property with multiple potential areas for improvement
- May be developed and sold down, retained or converted to an alternate use such as co-living, boarding house or student accommodation
- Suitable for owner occupation, investment or development

For further information don’t hesitate to contact the exclusive agents.

Features

  • Highly profitable investment opportunity
  • Strong current cashflow
  • Approved development upside

Map

Open in a new window

Contact Us

Share This Property
For further details, contact:
Talk to us Now
Click below to be
instantly connected with
a Colliers International representative Request Call
Close
Talk to us Now
Complete this form to be instantly connected with a Colliers
International representative.

Please note this service is only available during business hours
Monday to Friday 8.00am-6.00pm (AEST)

Calling you now!

 

Close This Window

Close
Saved Properties
Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.