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1-7/40 City Road,
Chippendale 2008, New South Wales

11 bedrooms
7 bathrooms
267m² land size
Block of Units

$3,560,000


Property details

A Superb Victorian Building with 7 Residences

Only moments from Broadway, UTS, Sydney Uni, Glebe and Newtown, is this grand and unique investment opportunity overlooking Victoria Park. Well appointed throughout, this majestic building offers accommodation over 4 levels and consists of 3 x studios, 2 x 1brs, 1 x 2br and 1 x 4br. The location simply doesn't get much better than this. Generating a strong passive income with ample scope to increase through market reviews or through short term rentals.

• A magnificent and imposing building with stunning wide entrance hall
• Prized position, seconds to the CBD
• A registered boarding house currently operating on longer term leases as a passive investment
• All apartments are self contained
• Sun-drenched rear communal courtyard
• Currently returning $189,020 per annum with scope to increase

Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY

Explore the area


School catchments

  • Glebe Public School Primary K-6 Government 0.42km
  • International Grammar School Combined K-12 Independent 0.49km
  • Darlington Public School Primary P-6 Government 0.87km
  • Ultimo Public School Primary K-6 Government 1.1km
  • Newtown North Public School Primary K-6 Government 1.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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