242-244 Chalmers Street Redfern NSW 2016

An exceptional opportunity to acquire a fully leased, high-performing boarding house in a sought-after city-fringe location. Spanning two adjoining 3-level terraces on a 350sqm landholding, this well-maintained asset features 32 rooms, each with kitchenettes, and six communal bathrooms.

Strong Cash Flow - Generating $545,012 p.a.*, with potential to increase to $613,132.
Proven Income Stability - Operating successfully since 1984, offering a secure, long-term investment.
Zoned R1 General Residential - Positioned for future growth and redevelopment potential.
Refurbished Ground Floor - Includes communal dining, kitchen, and recreation area for tenant convenience.
Dual Street Frontage & Rear Lane Access - Via Castlereagh Lane, enhancing accessibility and functionality.
Prime Inner-City Location - Moments from Central Station, bus routes, shops, cafes, and key amenities.
Sold as a Going Concern - Immediate income from an established tenant base.

A rare, high-yielding investment, perfectly positioned to capitalise on Sydney's strong demand for affordable accommodation. Do not miss this exceptional opportunity to secure a premium cash-flow asset in a thriving inner-city location.

Inspections by appointment.