FULLY LEASED NEW AGE BOARDING HOUSE IN PRIME INNER WEST LOCATION

FULLY LEASED NEW AGE BOARDING HOUSE IN PRIME INNER WEST LOCATION

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Featured Listing

Rent!

66 11-7 Pelican Street, Surry Hills

Description

This modern, low-maintenance asset delivers strong rental income, significant depreciation benefits, and enjoys consistent tenant demand.

Ideally located directly opposite Concord Hospital and three minutes from Concord West train station, the property is highly sought after by medical professionals, students, and young professionals.

Key Highlights:

• 14 self-contained studio rooms with covered parking for 3 cars and 5 motorbikes
• Fully leased with gross income of $371,570 p.a. and net income of $326,048 p.a.
• Prime 604 sqm corner position directly opposite Concord Hospital
• 3-minute drive to Concord West train station
• Strong and proven demand from medical professionals, students, and young professionals
• Strategic connectivity, excellent access to Parramatta Road and bus services to Strathfield, Burwood, and Sydney CBD

For Sale via Expression of Interest closing 4pm, 10th June, if not sold prior.

Contact the exclusive agent for more information.

Unit Detail

“Finding an agency that tells you the mathematical truth about planning controls and residual market value rather than inflating numbers is rare. Jordan’s strategic insight and direct communication delivered an outcome that exceeded our board’s expectations.”

— Marcus Vance, Managing Director, Tier-1 Property Syndicate

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66 11-7 Pelican Street, Surry Hills

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Hafenstrasse 42, 20457 Hamburg