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RWC  - SC

42 Union Street McMahons Point, NSW 2060

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42 Union Street,
McMahons Point, NSW 2060

Hotel, Motel & Leisure • Development Sites & Land • Other

Price information

Sale

FOR SALE

Key property information

Land area

Floor area

Car spaces

Zoning

Tenure type

Private inspections

to arrange a private inspection.
RWC  - SC
Samuel Hadgelias
Leslie (Yifu) Li

RWC - SC

Level 7 / 44 Martin Place
SYDNEY, NSW 2000
RWC  - SC
42 Union Street
McMahons Point, NSW 2060

Map of 42 Union Street

Directions
  • Train stations within 5 km of 42 Union Street, McMahons Point, NSW 2060Distance
    North Sydney Station439 m
    Waverton Station603 m
    Milsons Point Station985 m
    Wollstonecraft Station1.5 km
    St Leonards Station2.2 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 42 Union Street, McMahons Point, NSW 2060Distance
    Star City Light Rail Station2.9 km
    Pyrmont Bay Light Rail Station3.2 km
    Convention Light Rail Station3.5 km
    Exhibition Light Rail Station4 km
    Glebe Station4.2 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 42 Union Street, McMahons Point, NSW 2060Distance
    Union St Opp Thomas St23 m
    Union St at Dumbarton St82 m
    Union St at Bank Lane189 m
    Commodore Hotel, Blues Point Rd238 m
    Blues Point Rd Before Lavender St305 m
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POWERED BY HERE ©

FULLY LEASED BOARDING HOUSE w/ UPSIDE^ - OWNER INSTRUCTS SALE

  • 16 x boarding house rooms
  • 2 x basement car spaces
  • Development potential^
Ray White Commercial (SC) is pleased to present to market one of the Lower North Shore's finest investment opportunities with abundant potential for future development or residential conversion (S.T.C.A). The property, located at 42 Union Street, McMahons Point, is offered for sale by negotiation. The vendors instructions are clear, the property MUST BE SOLD.

This asset boasts stunning views of Sydney's harbour, including the Anzac Bridge, and offers a strong market return with the potential for future rental uplift. Currently configured with 16 comfortable boarding house rooms and featuring 2 secure underground parking spaces on separate titles, the property benefits from a head lease to a reputable operator, ensuring investors enjoy a solid return while contemplating future development possibilities.

Nestled in the prestigious McMahons Point enclave, this property is strategically poised to capitalise on population growth and the scarcity of real estate in this highly sought after area.

Additional highlights of the asset include:

• Land Area - 306 sqm*
• Internal Area - 322.5 sqm*
• 16 x boarding house rooms
• 2 x basement car spaces (on separate title)
• Passing gross rental income of $192,920 p.a.* with the potential for additional rental upside
• Zoned R3: Medium Density Residential
• 1.4%* vacancy rate in McMahons Point 11.4%* population growth projection for the North Sydney LGA
• Previously operated as The Manere Hotel North Sydney
• 900m* to North Sydney CBD

For further information, please contact the exclusive selling agents below.

*Approximately
^STCA

Additional information

Property ID: 504523912Last Updated: 3 Apr 2024

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