An exceptional opportunity to acquire a fully leased, high-performing boarding house in a sought-after city-fringe location. Spanning two adjoining 3-level terraces on a 350sqm landholding, this well-maintained asset features 32 rooms, each with kitchenettes, and six communal bathrooms.

• Strong Cash Flow – Generating $545,012 p.a.*, with potential to increase to $613,132.
• Proven Income Stability – Operating successfully since 1984, offering a secure, long-term investment.
• Zoned R1 General Residential – Positioned for future growth and redevelopment potential.
• Refurbished Ground Floor – Includes communal dining, kitchen, and recreation area for tenant convenience.
• Dual Street Frontage & Rear Lane Access – Via Castlereagh Lane, enhancing accessibility and functionality.
• Prime Inner-City Location – Moments from Central Station, bus routes, shops, cafes, and key amenities.
• Sold as a Going Concern – Immediate income from an established tenant base.

A rare, high-yielding investment, perfectly positioned to capitalise on Sydney’s strong demand for affordable accommodation. Do not miss this exceptional opportunity to secure a premium cash-flow asset in a thriving inner-city location.