320 David Street, South Albury NSW 2640

320 David Street, South Albury, presents a fully licensed, council-approved boarding house featuring 14 rooms, with authorization for up to 12 long-term tenants. The property comprises 11 fully furnished rooms and a deluxe studio, each equipped with individual air conditioning and separate electricity metering. Recent upgrades include fire safety enhancements, fresh paint throughout, and the installation of a solar panel system. Security is prioritized with CCTV monitoring and a swipe card access system. The property boasts a history of high occupancy rates and long-term tenancies, offering a gross rental income of approximately $163,800 per annum when fully leased. Situated on a generous 888sqm* freehold site, this investment is strategically located opposite a lagoon and just moments from the CBD, ensuring consistent rental demand in an area with a vacancy rate as low as 0.6%.

Features Include:

+ Air conditioning
+ Council-approved, licensed boarding house upto 12 long term tenants
+ Recently renovated throughout
+ Located in the Albury area with an extremely low vacancy rate at 0.6%
+ Strong history of long term tenure 12 furnished rented rooms
+ $260/week + deluxe studio rented at $360/week
+ Large 888sqm* freehold site
+ Ideal location opposite lagoon and moments to CBD
+ 14 rooms all separately metered for electricity and feature individual
+ CCTV monitoring and swipe card security system
+ Easy to own, weekly cleaning contract in place
+ High rental demand with 0.6% vacancy rate
+ Fire safety upgrades and compliance
+ Brand new furniture and appliances recently added
+ Freshly painted throughout
+ Solar panel system to save electricity
+ NSW land tax exempt
+ Gross rental income: $163,800.00* (fully leased)
+ Gross rental return 13.4%

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