152 Boundary Street,
Paddington, NSW 2021
Key property information
Map of 152 Boundary Street
Train stations within 5 km of 152 Boundary Street, Paddington, NSW 2021 Distance Kings Cross Station 756 m Museum Station 1.2 km Edgecliff Station 1.3 km Central Station 1.4 km Capitol Square Light Rail Station 1.5 kmPOWERED BY HERE © Tram stops within 5 km of 152 Boundary Street, Paddington, NSW 2021 Distance Central Station Light Rail 1.4 km Capitol Square Light Rail Station 1.5 km Paddy's Markets Light Rail Station 1.7 km Exhibition Light Rail Station 2.1 km Convention Light Rail Station 2.4 kmPOWERED BY HERE © Bus stops within 5 km of 152 Boundary Street, Paddington, NSW 2021 Distance MacDonald St at Liverpool St 184 m Oxford St at West St 193 m St Vincent's Hospital, Burton St 200 m Burton St Opp St Vincent's Hospital 223 m Oxford St After Verona St 232 mPOWERED BY HERE ©
Rare Freehold Mechanic Workshop with Future Redevelopment Potential
- 320sqm* NLA
- Land area 240sqm*
- Potential development opportunity (STCA)
Nestled in the vibrant heart of Paddington, this unique property stands as a robust freehold asset within the suburb's expanding enclave. Beyond its present value, this property holds potential for future development, making it an appealing prospect for a diverse range of investors. The first level features a 1-bedroom, 1-bathroom warehouse-style apartment, distinguished by its soaring ceiling heights and abundant natural light pouring through large façade windows.
This asset opens up numerous avenues for the discerning purchaser, whether you're an astute long-term investor, a forward-thinking developer, or someone with a vision to transform the property into a residential gem.
• Annual net income of $184,800 + GST (exclusive to the mechanic workshop)
• Projected net income of $221,000* per annum.
• Additional 1-bedroom apartment on level 1 (Vacant)
• 240sqm* Land Area with an approximate 320sqm* net lettable area
• Exceptional visibility and exposure, with potential for future residential warehouse conversion development (STCA)
• Conveniently located just moments away from Paddington's finest dining establishments and boutique fashion outlets.
• Situated opposite the renowned St Vincent's Private hospital
Join us in anticipation as I.B Property proudly presents 152 Boundary Street, Paddington for Sale through a Public Auction scheduled for Saturday, November 11th at 9:45am on-site.
Property ID: 504435512Last Updated: 14 Nov 2023