$1,250,000 - $1,350,000

320 David Street, South Albury, NSW 2640

Rare Investment Opportunity, Fully-Renovated, Licensed Boarding House

Discover this exceptional investment opportunity in the thriving South Albury real estate scene with this recently renovated, meticulously maintained boarding house. This property offers a robust rental yield, secure long-term lease options, and a prime location near the city's bustling CBD and a serene, picturesque lagoon.

Key Property Features:

* Fully renovated, council-approved boarding house, licensed for up to 12 long-term tenants
* Prime location in South Albury, within walking distance of the CBD and a beautiful lagoon
* 14 individually metered rooms, each with separate air conditioning units
* A secure property with CCTV monitoring and a swipe card system for added peace of mind
* Weekly cleaning contracts in place, ensuring a well-maintained property
* High rental demand with an extremely low vacancy rate – just 0.6%!
* Recent fire safety upgrades to ensure compliance and tenant safety
* The property features a solar panel system, helping to reduce electricity costs
* Freshly painted rooms, offering a modern, up-to-date feel
* Brand new, updated furniture and appliances added to all rooms
* Gross Rental Income: $148,720 p.a. (fully leased)
* Further benefits include NSW land tax exemptions

The property's 14 rooms include 11 fully furnished rooms and a separate room for a Deluxe Studio. With a history of long-term tenants, a low vacancy rate, and an impressive rental yield of $220-$250 per week (with the Deluxe Studio rented at $350 per week), this is an effortless investment that will add significant value to any portfolio.

Please contact Ian Ritchie to inspect the property:
Ian Ritchie
E: [email protected]
M: 0408 698 670