SOLD

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%

Disclaimer: We have in preparing this document, used our best endeavours to ensure that all the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements contained in this document.