100 Lucas Road BURWOOD NSW 2134
FORTHCOMING AUCTION - JOE MURANIA

DESCRIPTION

Located within a few minute's walking distance to Burwood shops and train station is this grand Federation home which is currently operating as a licensed 7 room boarding house plus a separate self-contained flat upstairs. (Currently land tax exempt)
The property also now has the flexibility to be returned to the original family home being council approved for an extension at the rear with basement parking for 2 cars plus storage.
Currently returning over $102,000 per year from 8 separate lettings with plenty of room for improvement. Some rooms feature their own kitchen and bathrooms with others having shared facilities.
Positioned on over 18 metres of street frontage with a total area of over 860sqm of land, this is the perfect opportunity for the astute investor or owner occupier with huge future growth potential in the heart of Burwood within metres to everything Burwood has to offer.