179 Priam Street CHESTER HILL NSW
23-room New Generation Boarding House – 1 of 2 in Chester Hill
Lowry Property Group is pleased to present 179 Priam Street, Chester Hill. A rare opportunity to acquire a fully tenanted, mixed-use new generation boarding house delivering strong net income, genuine scarcity, and long-term investment fundamentals in Western Sydney.
Comprising 23 fully furnished rooms across two residential levels and two ground floor retail tenancies, the property is 100% occupied and generates $513,285.58 net income per annum with projected net of $540,638. Built in 2019, the asset benefits from a significant depreciation schedule and modern construction with minimal capital expenditure requirements.
Key Highlights:
• Passing net income of $513,285.58 p.a. with projected net of $540,638
• 100% occupied across all 23 rooms and 2 retail tenancies
• Irreplaceable asset – planning laws prevent any new equivalent being built
• All rooms fully furnished
• Average residential tenant tenure of 3+ years
• Depreciation benefits available
Location Highlights:
• 20m | 1 min walk | Council Parking
• 20m | 1 min walk | Anytime Fitness
• 30m | 1 min walk | Bus Stop
• 50m | 1 min walk | Chester Square Shopping Centre
• 150m | 3 min walk | Woolworths
• 350m | 5 min walk | Chester Hill Station
Sales Process:
• The auction will be held at AuctionWorks at 10:30am on Tuesday the 16th of June, 2026
• The price guide is $7,450,000.
For more information, contact Lowry Property Group:
• Jason Lowry | 0419 277 527
• Nick Lowry | 0408 891 376
Property Type
Other
