• Sold
City Fringe Backpacker Hostel | With Approved Upside
City Fringe Backpacker Hostel | With Approved Upside
City Fringe Backpacker Hostel | With Approved Upside
City Fringe Backpacker Hostel | With Approved Upside
City Fringe Backpacker Hostel | With Approved Upside

For Sale

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
- Recently lapsed DA 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.

Property Details

  • 15/12/2019
  • Contact our experts for details on this transaction