Adam Charles as exclusive agents is delighted to present 23 Ada Street, Concord, a well-established, new aged boarding house investment opportunity in the tightly held Inner West.
The opportunity benefits from the following key features:
• Substantial 900sqm site area
• Currently fully leased as 29 low maintenance self-contained studio rooms, each with kitchen, laundry and bathroom
• Solid build, low maintenance asset
• Fully leased existing income of $478,140 per annum gross, with obvious scope to increase
• Highly sought Inner West location, surrounded by a wealth of amenity
• Strategically positioned within close proximity of multiple transport nodes: Burwood and Strathfield Stations, bus services
• Situated in a well-established suburb with strong growth potential
23 Ada Street, Concord, will be offered for sale via auction on Thursday 2nd December 2021, if not sold prior
To request a copy of the information memorandum or due diligence material, please contact the exclusive agents
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