Discover this exceptional investment opportunity in the thriving South Albury real estate scene with this recently renovated, meticulously maintained boarding house. This property offers a robust rental yield, secure long-term lease options, and a prime location near the city's bustling CBD and a serene, picturesque lagoon. Key Property Features: * Fully renovated, council-approved boarding house, licensed for up to 12 long-term tenants * Prime location in South Albury, within walking distance of the CBD and a beautiful lagoon * 14 individually metered rooms, each with separate air conditioning units * A secure property with CCTV monitoring and a swipe card system for added peace of mind * Weekly cleaning contracts in place, ensuring a well-maintained property * High rental demand with an extremely low vacancy rate – just 0.6%! * Recent fire safety upgrades to ensure compliance and tenant safety * The property features a solar panel system, helping to reduce electricity costs * Freshly painted rooms, offering a modern, up-to-date feel * Brand new, updated furniture and appliances added to all rooms * Gross Rental Income: $148,720 p.a. (fully leased) * Further benefits include NSW land tax exemptions The property's 14 rooms include 11 fully furnished rooms and a separate room for a Deluxe Studio. With a history of long-term tenants, a low vacancy rate, and an impressive rental yield of $220-$250 per week (with the Deluxe Studio rented at $350 per week), this is an effortless investment that will add significant value to any portfolio. Please contact Ian Ritchie to inspect the property: Ian Ritchie E: ... M: ...
