Gracelands

461 Cleveland Street, Redfern 2016

Your details:

Your friend's details:

RETURN TO LISTING You will be returned to your current within seconds
LEASED SOLD
  • Area m2 373m2
  • Sale Price Auction (If Not Sold Prior)
  • Method of Sale For Sale
  • Parking Onsite parking for 4 cars
  • Gallery View
  • Map View
  • Street View

Property for Sale

We have the pleasure in offering for Sale by Auction this 3-storey grand terrace, the tallest on Cleveland Street, with panoramic views from the uppermost level to the city skyline & Sydney Tower. Formerly known as ‘Meath House,’ a grand mansion built in the mid-1800’s and the former home of the 4-time mayor of Redfern, Patrick Stanley, it also bears another name being Illoura meaning ‘pleasant place’ in aboriginal. Now known as ‘Gracelands’ being a fully licenced 10-room, 20-person Boarding House, with an attractive freestanding 2 storey cottage also included to the rear, plus driveway providing for up to four cars stack parked. Features:
  • Huge land 455.3m2 *
  • Int. areas 373.35m2 - 296m2* terrace + 77.35m2* cottage (plus 24m2* private courtyard)
  • ‘B4 Mixed Uses’ (front) and ‘R1 Residential’ (rear) – City of Sydney
  • 1.25:1 FSR and a height limit of 9 metres, so latent development potential – STCA
  • Excellent cash flow business opportunity at the gateway to the Eastern Suburbs and Surry Hills
  • Onsite parking for 4 cars - absolute gold!
The premises has a solid cash flow from the Boarding House operation being offered as a 'going concern' with the cottage separately let at $750 per week till July 2019.   Inspection times: Wednesdays - 24, 31 October and 7, 14, 21 of November 2018 between 10:30 am to 11:30 am Saturdays - 27 October and 3, 10, 17 of November 2018 between 10:30 am to 11:30 am Auction (if not sold prior): Thursday 22nd November 2018 at 10:30 am Cooley CBD Auction Centre – Dexus Place Level 5, 1 Margaret Street, Sydney

Location

On the southern side of Cleveland Street between South Dowling and
Stanley Streets only one block from Moore Park, with rear access
from Little Cleveland Street this location is prime with dynamic
growth within this Surry Hills through to Redfern precinct.

An easy walk to the Entertainment Quarter, the Sydney Cricket
Ground and soon to redeveloped Sydney Football Stadium. The Surry
Hills Light Rail stop at Ward Park, corner of Devonshire and
Marlborough Streets, will be only 650 metres away.

Enquire about this property



Thanks for your enquiry!

We’ve sent your request to one of our property agents who will get back to you.

X