The Barracks Boarding House... A very rare and unique investment opportunity to secure a nice, well established and well located registered and approved boarding house for ten (10) tenants. 100% occupancy at $170.00 a week each = $88,400.00 gross income a year from the ten rooms. This outstanding Heritage property comes with 12 bedrooms, a huge lounge / dining room, a considerable size kitchen, three (3) toilets, three (3) showers, a large front screened porch and rear porch, off street parking for three cars, plenty of street parking, 7.2 kw solar power system to keep those costs down, plenty of yard with the 1,018 m2 corner lot and all within a short walk to St Marys railway station, St Marys main street, St Marys industrial / employment area, McDonald's, St Marys Leagues Club and bus service. An ideal location and an outstanding opportunity.... Around a 10% return on investment.
