12 self-contained boarding house apartments with substantial income.

This is a fantastic opportunity to acquire an established modern boarding house investment featuring 12 large double bedroom apartments that are all self-contained. The property has on-site parking for 5 cars that is accessible from the rear lane. This building was constructed only 15 years ago with high quality finishes. It is 100% compliant in all aspects and licenced for 22 residents. In the continuously growing yet well established suburb of Stanmore, 79 Stanmore Road is conveniently located in the inner-west, approximately 6.5 kms from the Sydney CBD. This boarding house has an exceptionally high occupancy rate and is always in demand. Each apartment is in immaculate condition with a user friendly layout.

KEY FEATURES:
- 12 large double bedroom boarding house apartments
- Licenced for 22 residents
- High occupancy rate and long terms tenants
- Gross annual income: $281,840 approx.
- Solid investment opportunity
- Parking for 5 cars from the rear lane
- Well-established and 100% compliant
- Convenient and popular location

Price guide: $4,950,000