BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Secure head leased boarding house investment\nKnight Frank is p leased to present The Res Student Accommodation\, 4 Pitt Street\, Mayfield to the market For Sale via Expressions of Interest. \n\nThis exceedingly rare investment opportunity comprises a refurbished 46 room boarding house situated on a substantial 1\,348 sqm* corner site\, zoned R3 Medium Densi ty Residential\, within one of Newcastle's most tightly held inner-city re sidential suburbs. \n\nThe property is fully leased to a single head lease tenant\, providing investors with secure\, passive income complemented by attractive inflation linked rental growth.\n\nKey Investment Highlights:\ n\n- Fully leased 46 room boarding house investment\n- $270\,000* net inco me plus GST per annum\n- Three (3) years remaining on the current lease te rm\, expiring in March 2029\, plus a five (5) year option to March 2034\n- Secure\, landlord-friendly single head lease providing passive\, low mana gement income\n- Tenant responsible for all standard operating expenses \n - Comprehensive lease structure including redecoration and repair commitme nts \n- Annual rental reviews at the greater of 3% or CPI\, ensuring cons istent rental growth\n- Refurbished accommodation with established occupan cy rates \n- Substantial 1\,348 sqm* corner landholding zoned R3 Medium De nsity Residential\n- Strategic Newcastle CBD fringe location\, close to th e University of Newcastle\, Newcastle CBD\, John Hunter Hospital and major employment hubs\n- Rare opportunity to acquire a single tenanted resident ial accommodation investment in a tightly held market\n- Newcastle: A majo r regional commercial hub with the population forecast to grow 17% to 205\ ,445* residents by 2046.\n- A thriving visitor economy attracting more tha n 5 million visitors annually\, generating approximately $3.16* billion in tourism expenditure and supporting almost 5\,000 jobs.\n\nPositioned with in close proximity to the University of Newcastle\, Newcastle CBD\, John H unter Hospital and the Mayfield retail precinct\, the property is ideally placed to benefit from sustained accommodation demand and the continued gr owth of the Newcastle market.\n\nExpressions of Interest will close Thursd ay\, 10 September 2026 at 4pm.\n\nFor further information or to arrange an inspection\, please contact the exclusive Knight Frank selling agents.\n\ n*Approximate. DTEND:20260910T160000 DTSTAMP:20260807T031547Z DTSTART:20260910T160000 SEQUENCE:0 SUMMARY:Expression Of Interest: 4 Pitt Street\, Mayfield NSW UID:CRE-2021056368-EOI X-ALT-DESC;FMTTYPE=text/html:

Secure head leased boarding house inv estment
Knight Frank is pleased to present The Res Student Accommoda tion\, 4 Pitt Street\, Mayfield to the market For Sale via Expressions of Interest.

This exceedingly rare investment opportunity compr ises a refurbished 46 room boarding house situated on a substantial 1\,348 sqm* corner site\, zoned R3 Medium Density Residential\, within one of Ne wcastle's most tightly held inner-city residential suburbs.

The property is fully leased to a single head lease tenant\, providing inv estors with secure\, passive income complemented by attractive inflation l inked rental growth.

Key Investment Highlights:

- Fully leased 46 room boarding house investment
- $270\,000* net in come plus GST per annum
- Three (3) years remaining on the current l ease term\, expiring in March 2029\, plus a five (5) year option to March 2034
- Secure\, landlord-friendly single head lease providing passiv e\, low management income
- Tenant responsible for all standard oper ating expenses
- Comprehensive lease structure including redecorati on and repair commitments
- Annual rental reviews at the greater o f 3% or CPI\, ensuring consistent rental growth
- Refurbished accomm odation with established occupancy rates
- Substantial 1\,348 sqm* corner landholding zoned R3 Medium Density Residential
- Strategic N ewcastle CBD fringe location\, close to the University of Newcastle\, Newc astle CBD\, John Hunter Hospital and major employment hubs
- Rare op portunity to acquire a single tenanted residential accommodation investmen t in a tightly held market
- Newcastle: A major regional commercial hub with the population forecast to grow 17% to 205\,445* residents by 204 6.
- A thriving visitor economy attracting more than 5 million visit ors annually\, generating approximately $3.16* billion in tourism expendit ure and supporting almost 5\,000 jobs.

Positioned within clos e proximity to the University of Newcastle\, Newcastle CBD\, John Hunter H ospital and the Mayfield retail precinct\, the property is ideally placed to benefit from sustained accommodation demand and the continued growth of the Newcastle market.

Expressions of Interest will close Thu rsday\, 10 September 2026 at 4pm.

For further information or to arrange an inspection\, please contact the exclusive Knight Frank selli ng agents.

*Approximate.

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