High yielding investment opportunity under the same ownership for 23 years; this charming guesthouse from 1910 has recently undergone renovations to unite period elegance with a sophisticated contemporary aesthetic. Spread over 536sqm of land it features 21 boutique rooms with kitchenettes (9 fully self-contained) and occupies a premier position just metres to cafes, boutique shopping, parks, cinemas, beaches, schools, light rail, UNSW & Prince Of Wales Hospital. With long- & short-term accommodation & additional Air B&B with high yielding income, this truly is a proven & secure investment opportunity in the heart of the highly prized suburb of Randwick. Property Highlights: • Same ownership for 23 years • 536sqm, zoned R3 medium density residential, FSR 0:9:1, Height 12m • 21 boutique rooms with kitchenettes, 9 fully self-contained with ensuited • To be sold fully furnished as a going concern • Solid investment GAR $526,431 CY2023 • Common areas include rear courtyard with BBQ, laundry room with coin operated facilities & modern gas kitchen with amenities • Solar panels and batteries proving to greatly reduce electricity bills. • Handy and functional large outdoor automated retractable awning with weather sensors. • Separate office with plenty of storage space • All rooms feature digital combination locks • Secure lock up garage with additional car space • Ultra convenient location, walking distance to all that Randwick has to offer *In Conjunction with D’Ettorre Real Estate Dominic D’Ettorre M: 0411 389 384 E: [email protected] Samuel Pacitto-Rusconi M: 0403 062 850 E: [email protected]