Lowry Property Group is delighted to offer 314a Pacific Highway, Greenwich to market via auction commencing 10:30am on Tuesday 28th May 2024.

The last boarding house to sell in Greenwich was in 2021.

Sydney is in the midst of a housing crisis due to a lack of residential supply, increasing construction costs and greater red tape compliance. Strong local and offshore demand for residential accommodation is underpinning rental growth.

314a Pacific Highway is a low maintenance boarding house perfectly placed for rental growth.

Key Property Features:
• Only 1 of 9 registered boarding houses in the Lane Cove Council
• 100% leased with strong occupancy history.
• 12 room registered boarding house with potential to increase rents.
• Low Maintenace block with a long-term history of high rates of occupancy.
• High profile corner position with excellent access.
• Strong income from washing/drying machines and car parking.
• Located in the heart of one of NSW largest commercial, education and medical precincts, with direct access to public transport, retail, restaurants and cafes.
• Gross income of $184,980*

*Approx

Feel free to reach out if you would like more information on the property.