Nestled at the top of a quiet and established court on 1232 sqm, 8 Dale Street Kennington presents a unique investment opportunity with high rental yield. Seven separate tenancies deliver a combined gross return of $152,880 per annum. Among these, a cream brick veneer boarding house and a detached unit block with four fully renovated units stand as a testament to the diversity and proven income of this exceptional investment all seven tenancies each have 1 carpark.
Boarding House:
The boarding house within this investment gem has undergone a complete internal transformation, ensuring a high standard of living for its occupants. Comprising three separate rooms, each with its own bedroom and living area, a convenient kitchenette, and a sparkling new bathroom, the central common area is designed for communal living, featuring a fully equipped kitchen, a dedicated laundry, and a shared living space that fosters a sense of community among residents. All three rooms are leased at $420 each per week.
Unit Key Features:
Four single-bedroom units, each meticulously renovated to offer contemporary comforts. The units feature brand-new kitchens and bathrooms with stone benchtops and equipped with European appliances and combined living/meals area.
All four units are leased at $420 each per week.
With existing leases in place and a proven track record of strong returns, 8 Dale Street is the epitome of a secure, high-yield investment. Selling fully furnished, located within close proximity to Kennington Village, Kennington Reservoir and multiple primary and secondary schools.
