Knight Frank is pleased to present 14–16 Ramsgate Street, Botany for sale via expressions of interest; a near new 33 self-contained studio apartment investment.
This newly constructed co-living investment comprises 33 self contained studio apartments, supported by extensive resident amenities and secured by a substantial head lease to ShareSorted, one of Australia’s largest co-living operators.
Brought to market for the first time, the property offers a rare chance to acquire a contemporary, purpose built co-living investment with strong income and minimal ongoing maintenance.
Investment Highlights:
- Quality 33 studio apartment co-living freehold
- $858,000* p.a. gross passing income
- Secure 3 year lease to ShareSorted
- Quality construction with outdoor living spaces
- 16 on grade car parking spaces
- Semi-net lease, with tenant responsible for majority of outgoings
- Generous 1,372 sqm* land area
- Short walk to shops and transport
- Low maintenance asset that presents like new
