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23 Ada Street, Concord, NSW 2137
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Property Highlights

Inner West, New Aged Boarding House Investment

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

Remember to mention you found this property on DevelopmentReady

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