High Occupancy Licensed Boarding House

Burgess Rawson is pleased to offer to the market, 320 David Street, South Albury NSW for immediate sale.

The property has the following investment highlights:

+ Council-approved, licensed boarding house for up to 12 long term tenants, recently renovated throughout
+ Located in the Albury area with an extremely low vacancy rate at 0.6%
+ 11 fully furnished rooms plus a deluxe studio room with a private full kitchen
+ $220-250/week/room + a deluxe studio room rented at $350/week
+ Large 885sqm* freehold site
+ Ideal location opposite lagoon and moments to CBD
+ 14 rooms all separately metered for electricity and feature individual air conditioning
+ CCTV monitoring and swipe card security system
+ Easy to own, weekly cleaning contract in place
+ High rental demand with 0.6% vacancy rate
+ Fire safety upgrades and compliance
+ Brand new furniture and appliances recently added
+ Freshly painted throughout
+ Solar panel system to save electricity
+ NSW land tax exempt
+ Potential Net Income: $129,485 pa* (fully leased)

For immediate sale – Circa 8-9% yield anticipated.

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.