30 Violet Street, Chatswood

A rare opportunity to buy an established Licensed Boarding House at the heart of Chatswood for strong rental yields and future growth potential. Operating as a boarding house for 40 years, this traditional full brick house has been recently extended to create 3 new bedrooms and 3 renovated bathrooms and is fire and health regulation compliant. • 10 furnished and secure bedrooms, most with built-ins• Common lounge and modern and spacious electric kitchen• High ceilings and polished timber floors throughout• Full-tiled bathrooms, one with accessible shower cubicle, plus large laundry• Compliant with fire regulations, including smoke alarms • Wraparound front verandah with access ramp to front door• 638sqm block with paved outdoor recreation areas, drying racks, 2 water tanks and storage shed• Rear lane access to 2-car secure parking plus rear lane pedestrian access• 750m to Chatswood rail, shopping centres, bus interchange and CBD• Well run business with high, long-term occupancy providing regular income• Potential Land Tax Exemption under NSW Office of State Revenue Ruling No. LT 87 (dependent on occupancy demographic and weekly rentals)• Prime location in soughtafter tree-lined residential street, a stone's throw to Chatswood centre• Income, tax benefits, popular position. It all adds up to a strong addition to your investment portfolio For more information please contact Di Burcham 0425 337 011