Unique to the market, this licensed six-room boarding house presents a superb investment opportunity in a key location just 650m to Newtown station and within easy walking distance of the University of Sydney campus and the RPA Hospital precinct. A solid income-earner, the two-storey property comes with a 10 month leasehold in place ensuring a steady income stream along with capital growth potential ideal for the long-term investor, SMSF buyer or developer. A premium asset class with a future upside, the wide-fronted terrace is in the heart of Sydney's vibrant bohemian culture and a short stroll to Enmore Road's small bar scene and music venues. On a dual access block with a NE facing backyard, approx in a connected urban village neighbourhood with the buzz of King Street at the top of the street and easy access to the city.
- Licensed 6-room boarding house in the heart of Newtown
- 2 storey terrace with rear lane access and a NE courtyard
- A prime location, 1.5km walk to the University of Sydney
- Low-maintenance and high-yielding investment prospect
- Current total rental return $62,400 per annum
- Future uplift with scope to generate higher income
- High rental demand, ideal for students and medical workers
- Stroll up to King Street's dining and entertainment hub
- Rates: Water $169pq, Council $461pq (Both approx.)
Contact Timothy Gorring 0438 822 281
Shaun Stoker 0424 172 217
Our recommended loan broker: Tommy Nguyen (www.loanmarket.com.au/tommy-nguyen)
