Mt Eden boarding house on large landholding


6 St Albans Avenue, Mt Eden

By Negotiation

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Mt Eden boarding house on large landholding | 6 St Albans Avenue, Mt Eden | 1695806 |      X Close
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Mt Eden boarding house on large landholding


• 516sqm character villa operating as a 22-room boarding house

• Attractive multi-tenanted cashflow with considerable upside

• Underpinned by a large 1,318sqm freehold site with Mixed Use zoning

• Great Mt Eden location, an easy walk to cafes, restaurants and supermarket

• Income and land, the best of both worlds - Buy it while you can!

Comprising a substantial 516sqm standalone building being run as a 22-room boarding house, this character villa generates a notional fully leased income of approximately $222,167 per annum (gross), with room to improve.

Situated on an elevated, sunny, north-facing 1,318sqm freehold site with circa 42m of street frontage, the property has genuine development credentials, supported by its Business - Mixed Use zoning and a volcanic viewshaft sitting at roughly 36m.

Long-term owners want this gone, so don't delay! Contact us today to arrange a viewing and secure your future investment in this prime Mt Eden location.