96-98 May Street

Property Photos

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About this property

Strathfield Partners is proud to present this rare and exceptional investment opportunity, a self-contained, registered boarding house featuring 17 ultra-modern studio apartments across four levels, with basement parking. Ideally located in one of St Peters' most sought-after areas, this as-new property offers savvy investors a chance to secure a high-yielding asset in a prime location. Conveniently positioned just a 5-minute walk to St Peters Train Station and a 10-minute walk to Marrickville Metro Shopping Centre, this property is surrounded by elite universities, schools, and an array of lifestyle amenities. Features include: - Registered boarding house, completed in 2023, offering 17 self-contained studio apartments over 4 levels of accommodation - Basement level parking for 5 cars with ample off-street parking - All studios include a kitchen (with fridge, electric stove top, microwave oven), built-in wardrobe and bathroom - Ground floor includes a communal area, bicycle racks, garbage room, water pumps, and outdoor gardens - Air conditioning/heating, free communal laundries, 24-hour security, CCTV, intercom, swipe card access, and lift access to all apartments - Head leased to a leading Furnished Accommodation Provider with a 3-year lease, generating $490,620 per annum Nett, with potential for increased returns. - Set on a generous 378.2m² Approx. parcel - 5-minute walk to St Peters Train Station, 7-minute train to Central Station, and easy bus access to USYD (10 mins), UTS (15 mins), and UNSW (20 mins) - 10-minute walk to Marrickville Metro Shopping Centre, 5-minute walk to Sydney Park, and surrounded by restaurants, cafes, gyms, and shops This is a rare opportunity to acquire a high-performing investment property in the heart of Sydney's vibrant inner west. With its ultra-modern design, prime location, and strong rental returns, this property is perfectly positioned to deliver exceptional value for years to come. For Sale via EOI, please contact us for a copy of the IM. Disclaimer: We have in preparing this document, used our best endeavours to ensure that all the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements contained in this document.

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.