197 Maple Road
North St Marys, NSW 2760

Overview

The Original Barracks Boarding House | 1058SQM OF LAND

This unique investment opportunity features the original barracks boarding house located on a substantial 1,058 square meter corner block with tri-street frontage in North St Marys. The property currently generates a strong rental return of $2,750 per week from established tenants, making it an attractive prospect for investors.

The property comprises 11 individually tenanted rooms along with a manager's room, and there are proposed plans to extend the accommodation by adding another five rooms. This setup provides a steady income stream and potential for further growth.

Shared facilities include a living area, dining room, and an indoor/outdoor sunroom, offering communal spaces for tenants to enjoy. The large kitchen is well-equipped with a walk-in pantry, oven, stove, and ample space to accommodate multiple refrigerators, supporting the needs of the residents.

The bathroom amenities are shared, featuring three showers and two toilets, with an additional toilet located in the laundry area. Outdoor amenities include a seating and alfresco area, as well as two clotheslines for tenant use.

Onsite parking is available with space for three cars, providing convenience for tenants and visitors. The property is enhanced with 32 solar panels, a Wi-Fi setup, and an alarm system, contributing to energy efficiency and security. Electricity costs are estimated between $400 and $800 per quarter.

Comfort is maintained with split system air conditioning in the living area, and safety is ensured with smoke detectors installed throughout the 15 units. The land is north-facing, maximizing natural light and outdoor enjoyment.

Insurance costs are approximately $12,000 per annum, reflecting the scale and nature of the property. This rare offering is a must-see for investors seeking a distinctive and profitable asset in the area.

Potential buyers are encouraged to conduct their own inquiries to verify the information and assess the suitability of the property for their investment goals. The images provided are for illustrative purposes and may not represent the final finishes or condition.

Location