Student Accommodation for Investment

Property Detail

Type Apartment Status For sale Location 3129/185-211 Broadway, ULTIMO, NSW 2007 Min Price $269,000 Area 36 sqm Bedrooms 1 Bathrooms 1 Parking 0

Property Description

High return student accommodation in a secure building with option for Unilodge to manage boasting full occupancy at the moment. This one bedroom loft style is well maintained and centrally located boasting high ceilings, spacious 2nd floor area enough for double bed and storage. Large East facing window with ample natural light. Broadway shopping centre across the street, bus stops at the footsteps, walking distance to the new Central Park precinct, Glebe Point Rd restaurants, UTS and Sydney University close by, you will never need to worry about vacancy.

Features:
- 36sqm one bedroom loft style apartment
- 85% occupancy rate with reputable student accommodation management
- Has fully equipped kitchenette with fridge and microwave
- Shower and toilet
- 24 hour security and swipe card access
- Common area includes Laundry, Library/study area, commercial kitchen on each floor
- Pool and gym
- Parking available for lease
- Centrally located with Broadway shopping centre across the street
- Close proximity to UTS and Sydney university, Central station, bus stops, Central Park and Glebe Point St shops
- Secure Lease with Current pooled Rental income
- Potential non-pooled rental income of $395-$410 per week
Approximate Outgoings per quarter:
Strata: $1045.85 pq
Water: $174.21 pq
Council: $213.20 pq

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