Licensed (15) Room Boarding House with Room to
Grow
321-323 Parkway Avenue, Hamilton East, NSW 2303
CURRENT BID $1,508,888 - 10 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steve Dick on 0400 000 947 immediately to become qualified and avoid disappointment.
Situated in the ultra handy location of Hamilton East, is this approved and occupied boarding house which has be operating for many years.
There are a mixture of rooms throughout the two properties (which are on two titles), and joined by a large central hallway and entry between the two buildings. Each property has its own common kitchen and bathrooms. Two rooms have their own kitchenette and shower facilities.
The (15) rooms are never vacant given the housing shortage, however the property has plenty of room for growth when acquired, with some modifications and improvements and upgrading of aesthetic features.
Currently returning $157,300pa (Gross) with the potential of returning up to $196,560 (Gross).
The owner has just retired and is looking for a simpler lifestyle by selling some of her more active investments that require her involvement.