Positioned within one of Surry Hills most tightly held and high demand precincts, this fully licensed and professionally operated boarding house presents an exceptional opportunity for investors seeking strong and immediate rental performance. Conveniently located only moments from the vibrant heart of Surry Hills, the property enjoys close proximity to transport connections, renowned dining destinations, cafes and everyday conveniences, making it highly attractive to long term tenants and city based residents alike.

Offering secure and consistent income from day one, the property also presents excellent scope to further enhance rental returns over time. Set within a character filled Victorian terrace, each accommodation room is fitted with its own kitchenette, while residents also enjoy access to multiple shared amenities including six bathroom facilities, a generous communal laundry and a substantial rear sunlit courtyard area. This is a rare opportunity for astute investors or portfolio builders to secure a high-performing asset in a blue-chip inner city location.

Property Features:

= Approx. 206sqm parcel of land
= Approx. 350sqm internal building area
= 10 fully furnished boarding accommodation rooms
= Well presented and compliant shared amenities including multiple bathrooms, a charming central courtyard and communal coin-operated laundry facilities with washer and dryer

Investment Advantages:

= Strong and consistent occupancy history with all rooms currently leased
= Fully compliant boarding house with current fire certification and council approvals in place
= Eligible land tax exemptions providing additional financial benefits
= Established long-term tenancy profile with active lease agreements
= Excellent future upside with the property currently achieving an estimated Gross Annual Return of approximately $210,080 with further rental growth potential available

Financial Summary:

= Council Rates: Approximately $3,342.00 per annum
= Water Rates: Approximately $2,446.76 per annum
= Land Tax: Approximately $8,073.30
= Estimated Gross Annual Rental Income (fully occupied): Approximately $210,080 per annum with scope for future increases

DISCLAIMER:
This advertisement contains information provided by third parties. While all care is taken to ensure the accuracy of the details, True Property does not make any representations as to the accuracy of the information contained and does not accept responsibility or liability. We recommend all clients conduct their own investigations and enquiries.