Just completed, this brand new boarding house development presents a unique opportunity for the savvy investor to acquire a quality property and a ready-made investment. It offers the potential for excellent rental returns enticing for both local and international investors (upon Foreign Investment Review Board approval). Fully approved, it comprises five fully self-contained suites that are contemporary and stylish.
Nestled in a quiet street setting, the property flows over dual levels incorporating a lower level garden suite with own private courtyard. Each suite includes a generous bedroom/living area, kitchenette and stylish bathroom. Quality features comprise a communal living/dining room, high shadow line ceilings, contemporary flooring and stone topped kitchenettes.
The property includes an over-sized car space plus rainwater tanks and enjoys ample parking in the quiet street. Potential rental income is approximately $100,000 per annum. Botany is a thriving lifestyle community and this property is positioned to enjoy its benefits. It’s an easy stroll to the bus and local village shopping and just moments to the airport, stunning waterways and beaches.
Owners have commissioned a depreciation schedule which is available to interested parties.
|R&H Suburb Summary||Houses|
|Number of sales||68|
|Median Rental Price||$755 p.w.|
|Change in Rental Rate (5yr)||13 %|
|R&H Suburb Summary||Units|
|Number of sales||136|
|Median Rental Price||$583 p.w.|
|Change in Rental Rate (5yr)||-3 %|