18, 20, 22 Thurlow Street, Redfern, NSW 2016

D'Ettorre Real Estate are pleased to offer a rare opportunity to acquire three adjoining, separately titled boarding-house terraces in one of East Redfern's most desirable tree-lined streets.

Offered for the first time in more than 60 years, the properties combine an established accommodation income stream with the flexibility of three individual landholdings. Purchasers may acquire the properties in one line or individually.

Each terrace contains six fully leased rooms with private kitchenettes, providing a total of 18 rooms across the three properties. The buildings are registered boarding houses and are represented as fully fire compliant.

All three properties include two shared bathrooms, shower and communal laundry facilities. Number 18 also benefits from two rooms with private ensuite bathrooms. Rear access from Thurlow Lane enhances the functionality and long-term appeal of each property. Maintained to a clean and presentable standard, the properties generate an immediate income stream supported by a combination of long and short-term occupants.

The offering also presents considerable future potential. Subject to council approval, purchasers may explore refurbishment, expansion or redevelopment as larger boarding houses, or the conversion of the terraces into three individual residential homes (STCA).

Key Investment Highlights:

• Three adjoining boarding-house terraces on separate titles
• Available for purchase in one line or individually
• Total combined land area of approximately 506 sqm
• 18 fully leased rooms all with private kitchenettes
• Two ensuite rooms within 18 Thurlow Street
• Two shared bathroom, shower and laundry facilities in each property
• Rear access to each property via Thurlow Lane
• Approximate combined gross income: $308,880 per annum
• Approximate combined outgoings: $32,165.28 per annum
• Established accommodation investment with proven income performance
• Strong mix of long and short-term occupancy
• Registered with DFT as boarding houses and all are fire compliant
• Highly desirable inner-city location
• First time offered in more than 60 years
• Each terrace benefits from basement storage
• Refurbishment and income-enhancement potential
• Potential expansion, redevelopment or residential conversion, subject to council approval

Individual Land Areas:

• 18 Thurlow Street: Approximately 171 sqm
• 20 Thurlow Street: Approximately 164 sqm
• 22 Thurlow Street: Approximately 171 sqm
• Combined land area: Approximately 506 sqm

A genuinely rare inner-city offering combining established income, three separate titles and significant long-term flexibility in a tightly held East Redfern location.

All areas, income figures and outgoings are approximate and should be independently verified. Any proposed refurbishment, change of use, expansion or redevelopment is subject to the necessary council and statutory approvals.