City Fringe Backpacker Hostel | With Approved Upside
673-677 Darling Street, Rozelle, New South Wales 2039
Hotels For Sale
Floor Area: 391.00 m2.
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.
- Highly profitable investment opportunity
- Strong current cashflow
- Approved development upside
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