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Knight Frank - Sydney

54-56 City Road Chippendale, NSW 2008

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54-56 City Road,
Chippendale, NSW 2008

Other • Development Sites & Land • Hotel & Leisure

Price information

Sale - Auction Thu 8 Jul

Please contact the exclusive listing agents

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Auction

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Knight Frank - Sydney
54-56 City Road
Chippendale, NSW 2008
Knight Frank - Sydney

Knight Frank - Sydney

Level 22 Angel Place, 123 Pitt Street
SYDNEY, NSW 2000

Map of 54-56 City Road

Directions
  • Train stations within 5 km of 54-56 City Road, Chippendale, NSW 2008Distance
    Redfern Station709 m
    Central Station1.3 km
    Macdonaldtown Station1.4 km
    Erskineville Station1.7 km
    Museum Station1.8 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 54-56 City Road, Chippendale, NSW 2008Distance
    Exhibition Centre Light Rail1.1 km
    Paddy's Markets Light Rail1.2 km
    Glebe Light Rail Station1.2 km
    Central Station Light Rail1.2 km
    Capitol Square Light Rail1.3 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 54-56 City Road, Chippendale, NSW 2008Distance
    City Rd Opp Myrtle St69 m
    City Rd at Knox St159 m
    Victoria Park, Broadway201 m
    City Rd After Cleveland St263 m
    Broadway Shopping Centre, Broadway277 m
    POWERED BY HERE ©
POWERED BY HERE ©

Two Freehold Assets at the Gateway to Sydney CBD

  • Two adjoining commercial terraces
  • Prime CBD fringe location
  • Strong income with upside
Knight Frank is delighted to bring to the market for sale via Auction 54 & 56 City Road, Chippendale. 54 & 56 City Road presents two adjoining three level boarding house investments. The building provides a total 17 self-contained studio apartments over 3 levels with a shared courtyard accessed via Myrtle Lane.

Property features include:
• Total land area - 360 sqm*
• Secure income, low maintenance residential investments
• Two as new high quality boarding house investments comprising 17 high quality studio apartments, with some featuring balcony views of Victoria Park and University of Sydney
•Significant $197,860 gross passing income per annum
•Tenanted with staggered expiry profile
•Potential to re-position both properties into large freehold homes, taking advantage of the booming housing market.
•Rear lane access on Myrtle Lane
•Walking distance Central Station, Central Park, Broadway shopping centre, UTS and USYD.

For further information please contact the exclusive listing agents listed.

Property ID: 503842110Last Updated: 24 Jun 2021

Agency contacts

Knight Frank - Sydney
Level 22 Angel Place, 123 Pitt Street
SYDNEY, NSW 2000
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Knight Frank - Sydney South
Suite 9G, Graphix Row 160 Bourke Road
ALEXANDRIA, NSW 2015
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Yumi Cui

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Yumi Cui
Knight Frank - Sydney
54-56 City Road Chippendale, NSW 2008

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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