254, 256 & 258 Glebe Point Road, Glebe, NSW 2037

The Village Glebe - 254, 256 & 258 Glebe Point Road, Glebe NSW 2037

AUCTION - A Rare City-Fringe Trophy Asset with Proven Income and Development Upside

An exceptional opportunity to secure a proven investment in one of Sydney's most tightly held city-fringe locations. The Village Glebe comprises of three magnificent semi-detached Victorian terraces operating as a high-performing licensed backpacker hostel.
Set on a combined 1,053sqm (approx.) of land with rear lane access, this rare holding is nestled in the heart of Glebe's Toxteth Estate, just moments to Jubilee Park, Blackwattle Bay, Sydney University, and the Light Rail.

Key Highlights:

• Three adjoining freehold buildings with grand period façades and timeless classic detail
• Licensed for 118 beds across 28 rooms
• Spacious layouts spanning two full levels plus basement in each building
• Rear lane access via Allen Lane and enjoying sunny central communal courtyards
• Additional features include a front desk/reception, games room guest laundry, and shared kitchen, with the nearest cross street: Cotter Lane

Investor Snapshot:

• Sold as a going concern, offered in one line
• Gross Annual Return (GAR): Approx. $1.15 million
• Long-established hostel with consistent occupancy and brand recognition
• Rare offering in a highly sought-after location with strong demand from students and travellers
• Ideal for passive investors, operators, or value-add developers (STCA)
• To be sold in one line - WIWO or with vacant possession
• Unmatched Inner-City Location
• Prime position on Glebe Point Road's high street, surrounded by shops, cafes, and character residences
• Walk to Sydney Uni, Broadway Shopping Centre, the Fish Markets, Tram sheds, and foreshore parks, Part of the significant Toxteth Estate precinct, rich in heritage and growth appeal.

Property development details:

• A wide 30 metre frontage
• Zoned: R1 General Residential
• Height Limit: 9m
• FSR: 1:1
• 1,053sqm (approx.) of land

Inspections Wednesday 11:00am - 11:30am up until auction date.

AUCTION -2nd of September 2025
Venue- AuctionWorks, Mezzanine Level -50 Margaret Street, Sydney NSW 2000