This is a unit on a lot in 1/DP1159480 Glebe NSW. The local government is Sydney, with 9 bedrooms and 1 bathroom.
Classic three level boarding house with proven cash flow. Positioned in the heart of cosmopolitan Glebe village, this classic wide fronted three level boarding house is ideal for student accommodation with proven rental returns and cash flow. All the rooms are always in high demand and constantly occupied with zero vacancy.- Total of nine rooms, seven with own bathroom and kitchen- Two rooms with own bathroom and a shared kitchen- Fire compliant and council approved, wireless broadband throughout- Proven increased rental returns over a twenty year period- Gross rental return approximately 150k pa with potential to increase- Very low maintenance and self-managed with ease- Short stroll to foreshore, parks, shops, cafes and restaurants- Moments to Glebe village, Sydney University, UTS and RPA- Frequent transport such as city buses and the light rail- Rare opportunity, one of very few council approved in inner city