Start your search

Buy

Sold

Include surrounding areas

All Residential Commercial Child/Healthcare Industrial Agriculture/Rural Mixed Use

Watch

Your home of Development Ready videos

Watch

All Videos

23 Ada Street, Concord, NSW 2137

Name: 23 Ada Street, Concord, NSW 2137
Address: 23 Ada Street , NSW, Concord, NSW, 2137
Telephone: +61 402 700 786

+1 Photos

+3 Photos

SOLD

23 Ada Street, Concord, NSW 2137

Properties / Sold / New South Wales / Concord

Development Potential

1. Property Summary

Property Type

Residential

Land Area

900 m² (*approx)

Selling Method

Auction: Contact Agent

Show All

2. Property Highlights

Inner West, New Aged Boarding House Investment

Adam Charles as exclusive agents is delighted to present 23 Ada Street, Concord, a well-established, new aged boarding house investment opportunity in the tightly held Inner West.

The opportunity benefits from the following key features:

• Substantial 900sqm site area

• Currently fully leased as 29 low maintenance self-contained studio rooms, each with kitchen, laundry and bathroom

• Solid build, low maintenance asset

• Fully leased existing income of $478,140 per annum gross, with obvious scope to increase

• Highly sought Inner West location, surrounded by a wealth of amenity

• Strategically positioned within close proximity of multiple transport nodes: Burwood and Strathfield Stations, bus services

• Situated in a well-established suburb with strong growth potential

23 Ada Street, Concord, will be offered for sale via auction on Thursday 2nd December 2021, if not sold prior

To request a copy of the information memorandum or due diligence material, please contact the exclusive agents

Remember to mention you found this property on DevelopmentReady

Development Potential

1. Property Summary

Property Type

Residential

Land Area

900 m² (*approx)

Selling method

Auction: Contact Agent

2. Property Highlights

Inner West, New Aged Boarding House Investment

Adam Charles as exclusive agents is delighted to present 23 Ada Street, Concord, a well-established, new aged boarding house investment opportunity in the tightly held Inner West.

The opportunity benefits from the following key features:

• Substantial 900sqm site area

• Currently fully leased as 29 low maintenance self-contained studio rooms, each with kitchen, laundry and bathroom

• Solid build, low maintenance asset

• Fully leased existing income of $478,140 per annum gross, with obvious scope to increase

• Highly sought Inner West location, surrounded by a wealth of amenity

• Strategically positioned within close proximity of multiple transport nodes: Burwood and Strathfield Stations, bus services

• Situated in a well-established suburb with strong growth potential

23 Ada Street, Concord, will be offered for sale via auction on Thursday 2nd December 2021, if not sold prior

To request a copy of the information memorandum or due diligence material, please contact the exclusive agents

Remember to mention you found this property on DevelopmentReady

Development Potential