174 Denison Road, Dulwich Hill, NSW 2203

Historic 'Brook Lodge' occupies a commanding 1,720 sqm parcel of land and boasts large, undeveloped areas. Currently configured as a residential flat building for 8 tenanted dwellings (2 upstairs, 6 downstairs), the property provides for a multitude of future development options (STCA).

Among many options, a rare opportunity exists to reconfigure the existing building into a stately dwelling and develop a trophy residence in this coveted locale. Positioned in Dulwich Hill, bordering nearby Summer Hill and Lewisham - the thriving heart of the Inner West, the property is a short distance from the light rail, train station, a multitude of local amenities including the GreenWay.

- Showcasing gorgeous original features and manicured grounds

- Retain "as is" with upside land appreciation or convert to a grand home (STCA)

- Currently, 8 quality tenanted residential apartments

- Additional development potential (STCA)

- 250m to Light rail station

- Fully leased income of approximately $197,000 per annum^

- Building Depreciation and rental upside available

Land Size: 1,720 sqm approx.

Council rates: $6,233 per annum, approx.

Water rates: $4,239 per annum, approx.