THE RISING SUN C.1890 A GENERATIONAL OFFERING 6 TOWNHOUSES WELCOME TO THE LOCAL BLOCK
Historic Gem and Investment Opportunity in the heart of cosmopolitan Kensington! Formerly The Rising Sun Hotel, a property with an illustrious history that spans back to the late 19th century. This iconic building was formerly known as The Rising Sun Hotel and holds immense historical significance to the local area.
Now, after almost 20 years, this remarkable property is offered to the open market. In 1880, Henry Newlyn relocated The Rising Sun Hotel to 36 High Street, where it operated as a thriving hotel until the early 1900s. The property underwent a transformation, resulting in the creation of six self-contained home units, each with its own distinctive charm. This property offers an exceptional investment opportunity, generating an impressive annual with all of the units currently leased.
With its diverse layout, it provides the potential for multiple revenue streams and exciting investment prospects. For those with a passion for restoration and design, imagine the endless possibilities of renovating this historic property, akin to renowned home renovation shows like THE BLOCK.
With six home units ready for transformation, you have the option to renovate and sell them separately (subject to council consents) or retain them as high-demand investment properties. An exclusive opportunity rich in historical significance offering potential and opportunity like no other!
With valuable rear access and being placed on a prominent corner allotment of some 510sqm approx.
Don't miss this chance to be a part of history and invest in an iconic property that promises both historical value and outstanding returns with so much scope to value-add.
Contact us today to secure your private inspection and start envisioning the limitless potential this property offers!
Disclaimer: Please note that all the information that has been provided for this property has been obtained from sources we believe to be accurate. We cannot guarantee the information is accurate however and we accept no liability for any errors or omissions including, but not limited to the property's land size, floor plans & dimensions, build size, building age, condition or any other particulars. Interested parties should always make their own inquiries and obtain their own legal and financial advise. RLA 247163
Inspections
No open inspections scheduled.
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Contact Jonathon Kiritsis to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.