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54 City Rd Apartment Building $2,220,840 Chippendale, NSW 2008
Investment Highlights
- The property located at 54 City Road in Chippendale is a three-level building utilized for student accommodation. It sits on a 183-square-meter parcel
- Rear lane access via Paints Lane enabling convenient site servicing.
- Within walking distance to Broadway Shopping Centre and key inner-city transport routes.
Executive Summary
Sydney’s premier university precinct. Positioned directly opposite the University of Sydney and within walking distance to UTS and Central Park, this asset boasts consistent rental performance driven by strong demand for proximity housing within the city’s academic core.
The property spans three levels and features eight self-contained rooms supported by a spacious communal living and dining zone for shared interaction. Maintenance has been to a high commercial standard, presenting a turnkey investment requiring minimal capital outlay. Essential operational features include rear lane access via Paints Lane, providing logistical ease for servicing, and a proven income stream with a CY25 gross forecast over $178,000.
Strategically located along a major arterial route, the asset offers immediate connectivity to transport networks, shopping destinations such as Broadway Shopping Centre, and vibrant local amenities including cafes and parks. Its solid occupancy track record underscores an enduring appeal for investors seeking secure returns in close proximity to major education institutions.
The property spans three levels and features eight self-contained rooms supported by a spacious communal living and dining zone for shared interaction. Maintenance has been to a high commercial standard, presenting a turnkey investment requiring minimal capital outlay. Essential operational features include rear lane access via Paints Lane, providing logistical ease for servicing, and a proven income stream with a CY25 gross forecast over $178,000.
Strategically located along a major arterial route, the asset offers immediate connectivity to transport networks, shopping destinations such as Broadway Shopping Centre, and vibrant local amenities including cafes and parks. Its solid occupancy track record underscores an enduring appeal for investors seeking secure returns in close proximity to major education institutions.
Property Facts
| Price | $2,220,840 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 2,153 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise |
| Price | $2,220,840 |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,153 SF |
| No. Stories | 3 |
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54 City Rd
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