This large turn of the century two-storey residence on a 350sqm approximate land area has been divided into nine studio apartments on one title. A superb investment opportunity geared for great cash flow generating an estimated rental income of over $120,000 per annum.

Six dwellings are contained within the original residence, and the remaining three comprise a brand new detached construction. Fresh modern fit outs throughout equip each studio with a kitchenette and bathroom.

The property occupies a majestic elevated position in a leafy Annandale street setting within just 4.5 kilometres of the CBD. Shops, city buses and cafes are all in abundance on nearby Parramatta Road. Endless eateries in neighbouring Leichhardt; an easy bus ride to Sydney University; and close proximity to Royal Prince Alfred Hospital establish broad rental appeal.

• Main house comprises six studio apartments with graceful features, including high ceilings, timber floors, and French doors
  
• Modern detached construction houses three contemporary dwellings
  
• Each studio is self contained with a new bathroom and kitchenette
  
• Total top to toe refurbishment presents the entire property in great condition
  
• Generously sized and private L-shaped common courtyard
  
• Share laundry; infinity gas hot water; new landscaping
  
• Once in a lifetime investment opportunity should not be missed
  

Land Area: 350sqm approx
Water Rates: $2,308 per annum
Council Rates: $2,864 per annum
Gas: $712 per annum
Electricity: $2,100 per annum
Insurance: $3,800 per annum
Rental Income: $120,000+ per annum

Figures are approximate only.