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320 David Street, South Albury, NSW 2640

Fully-Leased 12-Room Boarding House with 13.4% Yield

320 David Street South Albury comprises Licensed boarding house which features 14 rooms and approval for up to 12 people to stay. The property includes 11 fully furnished rooms plus a deluxe studio. Traditionally, the property has benefited from long term tenancy and a high level of occupancy. The property benefits from CCTV monitoring and a swipe card security system as well as a solar system and has recently been painted throughout, and has undergone fire safety upgrades. All tenanted rooms are individually air conditioned.

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.