This established and fully operational registered boarding home offers an outstanding investment opportunity in one of Petersham's most sought-after locations. Situated just moments from the bustling Petersham Village, this property provides easy access to major transport links, award-winning cafes, and vibrant local amenities. With high demand for accommodation all year round, this boarding home promises immediate cash flow, but also substantial opportunities to further increase its yield. Whether you are an investor looking for a reliable income stream or a property owner looking to expand your portfolio, this registered boarding home is a prime opportunity that cannot be missed.
Property Highlights:
- Land Size: Approx. 660sqm
- Building Size: Approx. 350sqm
- Fully Furnished Rooms: 15 boarding rooms
- No Shared Living or Cooking Facilities:
- Individual electricity meters, ensuring tenants pay only for their own electricity usage on a quarterly basis.
- Well-Maintained Amenities: Includes fully compliant bathroom facilities, a picturesque central courtyard, and a coin-operated laundry (washer/dryer).
Investment Benefits:
- Consistently High Occupancy: All rooms are fully occupied, providing proven rental returns.
- Fire Compliance: Fully fire-compliant with council approval and up-to-date fire certification (last certified August 2024).
- Land Tax Exemption: Benefit from land tax exemptions.
- Long term tenants all with actives leases
- Potential for yield increase: With current occupancy, the property generates a Gross Annual Rental (GAR) of approximately $220,000, with significant room for rental growth.
Financial Overview:
Council Rates: Approx. $5,000 per annum
Water Rates: Approx. $4,200 per annum
Land Tax: Exempt
Combined GAR (Fully Occupied): Approx. $220,000, with growth potential
EOI expiry COB Friday 28th February 2025.
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.
