Property listing ID: 4037006
A must-see with future development upside! Rarely do you find a carefree investment that represents a low-risk position whilst providing the potential for future redevelopment. And all this at such a comparatively reasonable price! Our vendor is clear – he wants this sold. Do not make the mistake of not considering this property. Be bold and your fortune is assured. • Established 50-room boarding house on a Business - Town Centre zoned site • Strong demand, fully booked at 100% occupancy almost all the time • A quality property, routine maintenance has been a feature of the ownership • An excellent sitting manager of the last 12 years wants to stay on • Returning approximately $260,000 net per annum • Possibility of a double-digit yield
Listed by Barfoot & Thompson , Rohit Khanna (City Commercial)