96-98 May Street, St Peters NSW 2044

This ultra-modern, registered boarding house represents a unique and exceptional investment opportunity, offering a self-contained accommodation option highly sought after in the heart of St Peters. Completed in 2023, the property comprises 17 contemporary studio apartments arranged over four levels, complemented by convenient basement parking.

Strategically located, the property benefits from excellent access to public transport and local amenities. It is a brief five-minute walk to St Peters Train Station and only ten minutes from Marrickville Metro Shopping Centre. The vicinity is well served by renowned universities and schools, making it highly appealing for tenants seeking proximity to educational establishments and lifestyle conveniences.

Key attributes of the property include its status as a registered boarding house, presenting 17 self-contained studio apartments featuring built-in wardrobes, private bathrooms, and fully equipped kitchens with essential appliances such as refrigerators, electric stovetops, and microwave ovens. This design ensures tenants enjoy modern living spaces with all necessary amenities.

The ground floor offers a communal area which enhances the sense of community among residents, while practical features such as bicycle racks, garbage disposal rooms, water pumps, and outdoor gardens add to the functionality and amenity of the property. Additional benefits include air conditioning and heating systems, free communal laundries, 24-hour security surveillance, CCTV, intercom systems, swipe card access, and lift access to all apartments, ensuring comfort, safety, and accessibility throughout the building.

The building includes basement parking facilities accommodating five vehicles, complemented by ample off-street parking for visitors. The head lease has been secured with a reputable Furnished Accommodation Provider under a three-year lease term. This arrangement generates a net annual income of $490,620, with potential for future growth in returns.

Set on a generously sized parcel approximating 378.2 square meters, the property is well-positioned within Sydney’s vibrant inner west, surrounded by a diverse selection of restaurants, cafes, gyms, shops, and recreational spaces such as nearby Sydney Park. Public transport connectivity is excellent, including easy bus routes providing access to major universities such as the University of Sydney, University of Technology Sydney, and the University of New South Wales within 10 to 20 minutes.

This offering is a rare chance to acquire a high-performing investment asset featuring ultra-modern architecture and strong rental yields in a prime location. It is ideally suited for savvy investors aiming for long-term value growth and stable income streams.

For sale via Expression of Interest (EOI). Further information including the Information Memorandum can be provided upon request.

Disclaimer: While all efforts have been made to ensure the accuracy of this information, prospective buyers should conduct their own enquiries to satisfy themselves with all aspects of the property and its presentation.