Established multi-income stream with flexible living options. Less than 5mins walk from Petersham train station, this freestanding solid brick Victorian building is currently a registered boarding house comprising seven self-contained studio apartments together providing solid rental yield in a convenient location. The building is consistently 100% occupied, with long-term tenancies in place, and offers scope as a continuing high performance asset, private home plus investment or potentially one grand family residence. An exceptionally rare lifestyle opportunity, the property is close to shops, cafes and sought-after schools and easily accessible by transport into the CBD. - Character canvas with hallmark high ceilings and timber floors - Each studio is independent with own bathroom and kitchenette - Shared laundry within building, front and rear courtyard areas - Stroll to 'Little Portugal's cafes, delicatessens and restaurants - Zoned Stanmore Public School; 1.0km from Newington College - Long-term tenancies ensure outstanding ongoing investment - High yield asset providing returns of approx. $100k per annum