Adam Charles & Elders Inner West as joint exclusive agents are delighted to present 175 St Johns Road, Glebe, a premium city fringe boarding house investment, offering strong returns & value add opportunities, located moments from universities, retail & transport.

This three-level boarding house is an excellent investment opportunity for purchasers seeking high returns. With a severe shortage of rental properties and an increasing number of international students, rents are soaring. Additionally, the ability to adjust rents in real-time provides a safeguard against inflation.

Asset Highlights:
- Immaculately refurbished 7 room boarding house
- Oversized self contained studios
- Each studio contains kitchen & facilities and keyless entry
- Generous communal areas, secure access & bike parking
- 187sqm land holding with a sunny North facing yard
- Value add opportunity through an additional room (STCA)
- Fully leased asset generating $229,428 per annum
- Opportunity to capitalise on underrented rooms
- Exceptionally strong student demand
- Projected income c$264,000 per annum
- Potential depreciation benefits
- Land tax free investment

Location Highlights:
- Immediate proximity of USYD (5 minute walk) with ease of access to UTS & UNSW
- 3km to the Sydney CBD (15 minute bus trip)
- CBD bus routes on the doorstep
- Short walking to the vibrant Glebe Point road retail/dining strip
- Close proximity to Tramsheds, Broadway Shopping Centre and Blackwattle Bay

A 100% freehold interest in 175 St Johns Road, Glebe is offered for sale via Auction on Thursday 29th February 2024 at 6pm. Auction will be held on site.

For more information or for a copy of the information memorandum & due diligence package, please contact the exclusive agents.