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96-98 May St 17 Room Hostel St Peters, NSW 2044 For Sale
Investment Highlights
- Registered boarding house with 17 self-contained apartments
- Secure building with CCTV, intercom, lift access
- Completed in 2023 with modern finishes
Executive Summary
This ultra-modern, registered boarding house represents a rare opportunity to acquire a high-performing investment in Sydney’s vibrant inner west. Completed in 2023, the property comprises 17 fully self-contained studio apartments across four levels, complemented by basement parking for five vehicles. Each studio is thoughtfully designed with a private kitchen, built-in wardrobe, and bathroom, ensuring a comfortable and functional living environment for tenants.
The property is head-leased to a leading furnished accommodation provider on a three-year term, generating a strong net income of approximately $490,620 per annum, with potential for future rental growth. Modern amenities include air conditioning, communal laundry facilities, CCTV, intercom, swipe card access, and lift access to all levels. The ground floor features a communal area, bicycle racks, garbage room, and landscaped outdoor spaces, enhancing the overall tenant experience.
Strategically located just a five-minute walk from St Peters Train Station and a short stroll to Marrickville Metro Shopping Centre, the property offers exceptional connectivity to Sydney CBD and major universities, including USYD, UTS, and UNSW. Surrounded by lifestyle amenities such as Sydney Park, cafes, restaurants, and gyms, this asset is ideally positioned to meet the growing demand for quality accommodation in the inner west.
The property is head-leased to a leading furnished accommodation provider on a three-year term, generating a strong net income of approximately $490,620 per annum, with potential for future rental growth. Modern amenities include air conditioning, communal laundry facilities, CCTV, intercom, swipe card access, and lift access to all levels. The ground floor features a communal area, bicycle racks, garbage room, and landscaped outdoor spaces, enhancing the overall tenant experience.
Strategically located just a five-minute walk from St Peters Train Station and a short stroll to Marrickville Metro Shopping Centre, the property offers exceptional connectivity to Sydney CBD and major universities, including USYD, UTS, and UNSW. Surrounded by lifestyle amenities such as Sydney Park, cafes, restaurants, and gyms, this asset is ideally positioned to meet the growing demand for quality accommodation in the inner west.
Property Facts
| Sale Type | Investment | Building Size | 9,139 SF |
| Property Type | Hospitality | No. Rooms | 17 |
| Property Subtype | Hostel | No. Stories | 4 |
| Building Class | C | Year Built | 2023 |
| Lot Size | 0.09 AC |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,139 SF |
| No. Rooms | 17 |
| No. Stories | 4 |
| Year Built | 2023 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | - | - |
Contacts
-
Adrian Wu -
Elie Semrani -
Akanksha Chaudhari -
Robert Pignataro -
Strathfield Partners
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96-98 May St
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