19 King Street, Campbelltown

Offering this existing 2 level Boarding house consisting of 22 large fully equipped rooms

| For Sale

683 m2
Contact for price
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Description

Currently leased on permanent basis by a local agent, turnover was $150,000 per year now with COVID- 19 is running at around 80% capacity taking $110,000 per year, this will not last long, if run by an operator potential rental return of $263,000, at an average room rental of $230 per week land area 790m2 potential high rise Development site, adjoining property is 10 levels, 8 rooms has sky light 14 rooms with an exterior window
Potential income over $263,000 on the basis of operating it at a weekly tenancy
or if it can be run on a nightly basis that would be an income of over $380,000 per year,
this is a great venture can’t go wrong, no risk associated with this investment, outgoings are Electricity $700 per quarter, water $700 per quarter, Council rates are $1300 per quarter, total outgoings per year is $10,800 per year,
No land tax as boarding houses done pay land tax
land area is 683 m2, Owners has updated Fire safety regulations at cost of $60,000 recently
Level land located on a corner, 3 minutes to Campbelltown Railway Station, shopping centre & shopping Strip, to Cinemas, to Schools, 100 meters to Campbelltown show Ground,
close to 7 Eleven, Centrelink, Campbelltown RSL club, Office work, Campbelltown Masjid, Harvey Norman, The Good guys, national indoor sports Club, Hillsong Church.
Ideal location, in the middle of the Campbelltown CBD, easy access to all amenities

Property Location