Boarding House Investment

Property Summary

Property Description

for Sale - Three levels, concrete construction, 47 rooms, leased for two year term plus 2 rights of renewal of 2 years each. Rental $156,000 net. First rent review March 2009. Keen vendor looking for offers. Listed for $1.9m. (CV $2.65m). KEY FEATURES Prime location Solid concrete, three level building 47 rooms Small common area for every three rooms $156,000 rent per annum

Features