Property Review – 12 Botany St Bondi Junction

Property Review – 12 Botany St Bondi Junction

 

Date: 10.04.19

Land size: 301m2 (approx.)

Improvements: Terrace house, 5 bedrooms, 5 bathrooms, no parking

Aspect: North facing

Days of market: 21 days (as of 10.4.19)

Agents Price guide: $2,500,000

Price per square meter: $8,305 (based on $2,500,000)

realestate.com.au url: https://www.realestate.com.au/property-unitblock-nsw-bondi+junction-130798398

Property Report by CoreLogic: 12 Botany St Bondi Junction

Comments: The property has been converted into a legal boarding house with 5 separate bedrooms & kitchenette’s. It is in a very average condition and needs updating to increase the current rents. There is potential to add another floor STCA or potentially purchase the adjoining terrace. 

The property is more suited to a seasoned developer or astute investor looking to capitalise on the location.

If you could purchase the property under the agents price guide, it would be a great long term investment.

Recent sale: 10 Botany St, the adjoining terrace sold for $2,600,00 on the 25 September 2015. Same block size, however it had an additional flat attached at the rear

 

Further details contact

Rodney McLoughlin – Director

TBAS® Buyers Agents

rodney@tbas.live – 0418 474 304

 

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