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148 Kingsway
Woolooware NSW 2230
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Sold on 28 Nov 2023

148 Kingsway Woolooware NSW 2230

  • Development / Land
  • 882 m²
  • Sold

RARE NEW AGE BOARDING HOUSE

  • Currently 100% occupancy rate
  • Diversified income streams
  • 2019 build with depreciation benefits

CBRE, as the exclusive selling agent, is pleased to present Shire Studios, a rare new generation boarding house in the sought after beach-side suburb on Sutherland Shire.

Positioned on 148 Kingway, Woolooware, Shire Studios benefits from the following key attributes:
- Self-contained studio apartments
- Land area of 882sqm* with R2 residential zoning providing strong underlying land value
- Depreciation benefits from a 2019 build completion
- Strong occupancy track record (currently 100% occupancy)
- Diversified income streams with the low maintenance costs
- Beachside suburb with strong leasing demand
- One of Three Boarding Houses witihn Woolooware
- Capitalise on the strong leasing demand - forecast to continue from international students, young professionals, tourists & net migration of 1.5million* over the next 5 years
- Easy walk to bus stops and Woolooware Train Station providing express services to Sydney CBD, Cronulla and greater Sydney
- Situated in a lifestyle focused locality in proximity to popular cafés, bars, restaurants, retail & the iconic Cronulla beach

*approx

CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Date Sold28 Nov 2023
Floor Area556 m²
Land Area882 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018888511
Category
 Development / Land
 Other
Last updated  28 Nov 2023
Map for 148 Kingsway Woolooware NSW 2230

Nearest transport* to 148 Kingsway Woolooware NSW 2230

Bus
Train
Tram
Ferry
Denman Av After Dolans Rd196 m
Denman Av Opp Dolans Rd245 m
Denman Av Before Dolans Rd246 m
Denman Av Near Woolooware Rd N316 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
 *Within a 4km radius
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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Date Sold28 Nov 2023
Floor Area556 m²
Land Area882 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018888511
Category
 Development / Land
 Other
Last updated  28 Nov 2023

Co-Agents

Jake Hatch
Jake Hatch
CBRE Sydney
Call
+61 488 221 100
Jason Lowry
Jason Lowry
CBRE Sydney
Call
+61 419 277 527
Nicholas Heaton
Nicholas Heaton
CBRE Sydney
Call
+61408025097

Enquire about this property

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            More about 148 Kingsway Woolooware NSW 2230

            148 Kingsway Woolooware NSW 2230 is categorized as Land & Development Property. It has a floor area of 556 m² and a land area of 882 m². The listing ID for this property is 2018888511.

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