98-100 Shepherd Street, Chippendale

A Pair Of Terraces With Dual Street Access And Multiple Parking Offered In One Line, Currently Utilised As A Boarding House First time offered, this pair of adjoining Victorian terraces on a vast 278 sqm in the heart of Chippendale's leafy creative quarter presents a remarkable opportunity. Currently utilised as a 13-room boarding house, this two-storey property is set on a level dual access block just up from Peace Park in a dynamic city fringe enclave home to celebrated galleries, design studios and eat streets on the city fringe. This solid income-earner comes with secure parking for four cars via Pine Place and offers potential to renovate and improve your return, exciting redevelopment potential to create either new-gen studios or a boutique residential development or reconfigure into two grand family homes (STCA). A key location just over 2km to the CBD in Sydney's university belt, a level walk to Central Park Mall, assures strong rental demand along with capital growth potential ideal for the long-term investor, SMSF buyer or developer keen to explore the myriad of redevelopment opportunities. - Pair of Victorian terraces on 2 titles - Offered in one line, 278 sqm approx. combined land parcel - Dual street access via Pine Place for 4 cars - Invaluable city fringe landbank asset - Creative arts hub & design precinct - Part of an eclectic leafy streetscape - Fringing Sydney's university district - Currently operating as a 13 room boarding house since 1983 - Low vacancy, steady income stream - Attractive long-term rental returns - Shared common areas, gas kitchens - 3.5 bathrooms and laundry facilities - Some original features, high ceilings - Refurbish and increase rental yield - Potential to create studios or boutique residential development (STCA) - Option to recreate 2 grand terrace homes - each with multiple off street parking (STCA) - Leafy street surrounded by pocket parks - Stroll to celebrated cafes & galleries - Walk to Central Park Mall, Spice Alley - 550m to Chippendale Green's urban park - Walk to University of Sydney & UTS - 800m to Redfern station & village hub - Easy city access, 2km approx. to CBD