High Occupancy Licensed Boarding House | 7% Anticipated Net Yield

Burgess Rawson is pleased to offer to the market, 320 David Street, South Albury NSW for sale via our Auction Investment Portfolio 157.<br/><br/>The property has the following investment highlights:<br/><br/>+ Council-approved, licenced boarding house for up to 12 long term tenants<br/>+ Located in the Albury area with an extremely low vacancy rate at 0.6%<br/>+ Has recently been renovated throughout<br/>+ Strong history of long term tenure 12 furnished rented rooms<br/>+ $220-250/week + caretaker room rented at $350/week<br/>+ Large 885sqm* freehold site<br/>+ Ideal location opposite lagoon and moments to CBD<br/>+ 14 rooms all separately metered for electricity and feature individual air conditioning<br/>+ CCTV monitoring and swipe card security system<br/>+ Easy to own, weekly cleaning contract in place<br/>+ High rental demand with 0.6% vacancy rate<br/>+ Fire safety upgrades and compliance<br/>+ Brand new furniture and appliances recently added<br/>+ Freshly painted throughout<br/>+ Solar panel system to save electricity<br/>+ NSW land tax exempt<br/>+ Potential Net Income: $129,485 pa* (fully leased)<br/><br/><br/>To be sold by Investment Portfolio Auction<br/>10:30am (AEDT) Tuesday 6 December 2022<br/>Yallamundi Rooms, Sydney Opera House<br/><br/>Please contact the exclusively appointed Burgess Rawson team for more information.<br/><br/>*approx.