Cranbury House is located just moments from Bondi Junction, Bondi Beach and within close proximity to Sydney's CBD. This 27 bedroom student accommodation is licensed for 35 guests. The property presents a unique opportunity to purchase a freehold property in Bondi and take advantage of the existing cash flow and investigate development options (STCA).
Currently operating as a very successful student accommodation, the property is suited for an owner operator, developer or investor with the potential to develop and build (STCA) to maximise it's potential.
• 27 furnished bedrooms
• 10 showers, 8 toilets
• Potential to add more rooms (STCA)
• Common kitchen and lounge
• Large yard with rear lane access
• 586 m2 Bondi freehold
• Low maintenance costs
• Current gross income $310,000
• Financials available upon request
