Block of Units description
“Boarding house, Amazing investement, No Land Tax”
Recently completed boarding home offering high income and plenty of growth!
Situated just a short walk to Ashfield train station, bus transport and vibrant shopping centre, this fully rebuilt and extended Registered Boarding House, consists of 19 self-contained studios.
With its well-organized and presented low maintenance finishes throughout, modern facilities and productive systems for easy and efficient management, an investment like this is the perfect opportunity for hands-on operators or passive investors looking for a secure, high-income generating asset in a time of low interest rates and slow economic growth.
Instant cash flow, currently returning approximately $358,280.00 per annum with potential to improve, large 728sqm land, 490sqm building area, easily accessible location, low care facilities, multiple on-site parking, high tech self-contained office and systems.
Other featuresArea Views, Built-In Wardrobes, Close to Schools, Close to Shops, Close to Transport
Living Areas: 2
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