We are proud to present this unique property in the heart of Annandale, offering a wide range of income-generating possibilities and boasting Development Approval (DA) for further expansion.
At its core, the property comprises four self-contained one bedroom apartments, each featuring functional kitchens and bathrooms. The residence exudes character with high ceilings, traditional fireplaces, modern amenities such as split-system air conditioning, and ceiling fans for added comfort. The property also offers a spacious rear deck, a shared laundry room, and ample storage space beneath the building.
With side driveway access and off-street parking for multiple vehicles, convenience is a key feature. Situated in the heart of Annandale village, it's just a 5 minute walk from Annandale Public School and a mere 200 metres from the bustling cafes and shops on Booth Street.
The true versatility of this property becomes evident with its potential income streams. Currently generating $8,000 per month, it has the added advantage of DA approved plans for two additional two bedroom apartments at the rear. There's also the exciting possibility of reconfiguring and restoring the property into one substantial dwelling (STCA). This flexibility opens up a wealth of possibilities, from investment purposes to a private residence with rental income or even a prestige residence.
In essence, 88 Johnston Street is a dynamic and multifaceted real estate opportunity in the highly sought-after location of Annandale, promising both income and growth potential.
• All one-bedroom apartments have a kitchen, bath, traditional fireplace, air conditioning and ceiling fans
• Shared laundry room and large under building storage area
• Spacious entertainment deck at the rear, perfect for entertaining
• Side driveway access with off street parking for multiple cars
• Conveniently located moments away from popular Annandale Village, cafes, great schools and public transport
At Callagher we offer a one stop, full service real estate business to help our clients achieve all of their real estate goals. Whatever we do, we do it with a view to delivering the highest calibre of service to buyer, seller, landlord and tenant alike.