View photo
Townhouse
·
for sale
Request Details
New
Secure head leased boarding house investment
Bowthorne
· 1,348 m² · Townhouse
Bowthorne · 1,348 m² · Townhouse
Knight Frank is pleased to present The Res Student Accommodation, 4 Pitt Street, Mayfield to the market For Sale via Expressions of Interest. This exceedingly rare investment opportunity comprises a refurbished 46 room boarding house situated on a substantial 1,348 sqm* corner site, zoned R3 Medium Density Residential, within one of Newcastle's most tightly held inner-city residential suburbs. The property is fully leased to a single head lease tenant, providing investors with secure, passive income complemented by attractive inflation linked rental growth. Key Investment Highlights: - Fully leased 46 room boarding house investment - $270,000* net income plus GST per annum - Three (3) years remaining on the current lease term, expiring in March 2029, plus a five (5) year option to March 2034 - Secure, landlord-friendly single head lease providing passive, low management income - Tenant responsible for all standard operating expenses - Comprehensive lease structure including redecoratio
Knight Frank is pleased to present The Res Student Accommodation, 4 Pitt Street, Mayfield to the market For Sale via Expressions of Interest. This exceedingly rare investment opportunity comprises a refurbished 46 room boarding house situated on a substantial 1,348 sqm* corner site, zoned R3 Medium Density Residential, within one of Newcastle's most tightly held inner-city residential suburbs. The property is fully leased to a single head lease tenant, providing investors with secure, passive income complemented by attractive inflation linked rental growth. Key Investment Highlights: - Fully leased 46 room boarding house investment - $270,000* net income plus GST per annum - Three (3) years remaining on the current lease term, expiring in March 2029, plus a five (5) year option to March 2034 - Secure, landlord-friendly single head lease providing passive, low management income - Tenant responsible for all standard operating expenses - Comprehensive lease structure including redecoratio
Request Details