44 Denison Street, Hamilton East NSW 2303

Property Details: • Type: Block of Units

• Bedrooms: 6 • Bathrooms: 3

Description: *Current Gross Return approx. $190,000/annum (as short-term accommodation) 10.56% Gross Yield / ROI. *Potential Return $109,200/annum (as fixed term accommodation) 6.07% Gross Yield / ROI. A rare and highly versatile property offering exceptional flexibility in one of Hamilton East's most tightly held pockets. Operating successfully as a well-known guest house since 1989, this substantial residence presents an outstanding opportunity for owner occupiers, investors, developers seeking scale, zoning and future upside. Set on a 516m2, R3 Medium Density Residential allotment, the property offers multiple pathways forward (STCA) - continue the existing accommodation use, explore redevelopment potential, or repurpose as a large family home. The dwelling is generous in proportion and functionality, featuring six bedrooms, an oversized bathroom, a central communal and living area, and a large outdoor entertaining space with a large in ground pool ideal for shared living or residential conversion. Positioned in a high-profile Hamilton East location, the property is within easy walking distance to cafes, local shops, public transport and key amenities, ensuring ongoing demand and strong long-term growth. Property Features: Established guest house operating since 1989 R3 Medium Density Residential zoning Approx. 516m2 land holding Six bedrooms and a large bathroom Communal living area Large outdoor entertaining and pool space Solar panels Prominent, central Hamilton East location A unique offering combining income potential, zoning flexibility and future development upside in a blue-chip inner-city suburb. Contact Joel Pyne today! Disclaimer: Whilst all information provided in the advertising of the property is to the best of our knowledge, we encourage all interested parties to conduct their own research before making any formal decisions.