House for sale
153-155 Forbes Street,
21 6 0
TWO GRAND VICTORIAN TERRACES - OFFERED IN ONE LINETwo imposing terraces on two titles both enjoying enormous approx 7.5m frontages and located on a highly exposed prime corner position at the top end of Forbes Street, 50m just off William Street.
Currently the properties are interconnecting with massive proportions and offers 19 rooms over 4 levels, operating as a very popular well-known and established G'Day backpackers.
Currently for 100 beds the property enjoys high occupancy and located close to all popular amenities including cafes, restaurants, train station, bus transport and city.
Formerly the property has been operated as a boutique accommodation/restaurant and the well renowned Forbes Club Icon.
The property offers mixed use zoning and is ideally suited to run as either budget/boutique accommodation or office/residential conversion (STCA) and could easily be divided back to two separate grand residences.
Offered with existing tenancy and leased at $252,193 per annum net, and will show an investor strong returns, alternatively it would suit an owner occupier at the end of the lease.
Council Rates: $3,350.31 per quarter
Water Rates: $438.21 per quarter
Land Tax: $29,449.42 per annum
Insurance $9,780 per annum
**Please note, only the property is being offered for sale**
Last updated: 12:04PM on Jul 17th 2013