287 Glebe Point Road

On offer is this exceptional opportunity for buyers or investors to secure a large traditional property and capitalise on its many options. Supremely well-located on Glebe's signature thoroughfare and within footsteps to buzzing cafes, restaurants and transport options, this grand tri-level Victorian terrace is now on the market for the first time in more than 40 years and presents a unique prospect with a big future. It is currently configured as an 8-room low-cost accommodation dwelling with great income-earning potential but could possibly be updated, extended or converted back into a magnificent family home, less than 3km to Sydney's CBD. - Tri-level Victorian terrace configured with eight lettable rooms - All rooms are well-presented with timber floors and kitchenettes - Private landscaped back garden with rear access to Lombard Lane - Views to the fish market and Blackwattle Bay from the upper level - Two bathrooms plus a shared laundry, high ceilings and storerooms - Current income earnings of $107,000 pa approx - Outstanding growth and rental capacity with solid annual returns - Land tax exemptions under low-cost accommodation historically provided to reduce land tax payable by over 85%.  - Easy access to the water's edge, light rail and Sydney Fish Market - Possibility to revert back into a Grand Family residence if desired STCA - Rear access via Lombard lane for a vehicle STCA