D’Ettorre Real Estate is proud to offer this charming, high-yielding new-age 7-unit boarding house, set in a refurbished freestanding Italianate Victorian terrace with rear lane access, valuable double garage, and situated on 313 sqm of land. Property Features: – Each unit is self-contained, offering the perfect blend of comfort and convenience. – 7 refurbished self-contained loft-style units (mix of studios and 1-bedrooms), each with private kitchenette and bathroom – Convenient common laundry facilities – Top level accommodates a spacious attic room with expansive district views (unused) – Gross annual return for 2022-2023 = $113,242; for 2023- 2024 = $140,753; Projected for 2024-2025 = $171,550 – Land size: 313 sqm – Handy rear lane car access via Young Lane – Valuable double lock-up garage – Potential to add value by erecting studios above the garage and converting the top floor (STCA) Nestled in one of Annandale’s most sought-after streets, this charming new-age boarding house renovated into New York-style lofts offers a proven cash flow, along with further depreciation deductions, a prized offering in an ultra-convenient location. The property provides easy access to Sydney University, easy transport, and all major amenities, making it a popular location for students and professional occupants. The property offers clean, quality accommodation and represents an established investment opportunity.
