Architecturally Designed New Age Boarding House, In Bourgeoning Growth Corridor

A unique freestanding investment opportunity in an ultra-central Eastern Suburbs address, this dual level Boarding House will appeal to investors seeking high returns, where a significant shortage of rental stock is driving up rents and creating demand for boarding house assets, whilst providing a hedge against inflation given the ability to adjust rents in real time.<br/><br/>Located in the health and education precinct of the Eastern Suburbs, the property will attract strong rental demand for boarding rooms from doctors, nurses, teachers, students and patient families. <br/><br/>Walkability is key, with Prince of Wales Hospital and UNSW within 15 minutes, as well as major shopping centres, cafes and parklands. Public transport is within close proximity being a one minute walk to buses and a five minute walk to the light rail, giving great connectivity to Sydney CBD and popular Sydney beaches.<br/><br/>Occupying a substantial 300sqm block with dual street access, this perfectly maintained full-brick build currently comprises of 7 self-contained studios, each with their own kitchenette and bathroom, generous indoor and outdoor shared facilities, and a detached lock-up garage via Hincks Street.<br/><br/>- Gross Income: $178,000 per annum.<br/>- Site Area: 300 sqm approx.<br/>- Rooms: 7 self-contained rooms with bathrooms (5 single + 2 double rooms). <br/>- Parking: Detached garage for 2 cars, space for 3 motorbikes via Hincks Street.<br/>- Communal Area: Generous living room and courtyard, and laundry facilities.<br/>- Security: CCTV cameras, electro-mechanical key systems by Integrity Security.<br/>- Education: Immediate proximity of UNSW with ease of access to USYD & UTS.<br/>- Medical: Four major hospitals in Randwick Hospital Campus.<br/>- Infrastructure: 1km radius of $2.5 billion worth of infrastructure.<br/>- Transport Links: Light Rail, Bus, Arterial road links.<br/>- Lifestyle: Eastern Beaches, Randwick Racecourse, Parklands, Golf Clubs.<br/>- Retail: Maroubra Junction Pacific Square, Anzac Parade Shopping Strip.<br/>- Demand: High population of key workers and students; Surging rental market.<br/>- Supply: Limited affordable housing, New restrictions NGBH developments<br/>- Strategy: High yield, Low vacancy, Ability to hedge against inflation.