148 Kingsway Woolooware NSW 2230

CBRE, as the exclusive selling agent, is pleased to present Shire Studios, a rare new generation boarding house in the sought after beach-side suburb on Sutherland Shire.

Positioned on 148 Kingway, Woolooware, Shire Studios benefits from the following key attributes:
- Self-contained studio apartments
- Land area of 882sqm* with R2 residential zoning providing strong underlying land value
- Depreciation benefits from a 2019 build completion
- Strong occupancy track record (currently 100% occupancy)
- Diversified income streams with the low maintenance costs
- Beachside suburb with strong leasing demand
- One of Three Boarding Houses witihn Woolooware
- Capitalise on the strong leasing demand - forecast to continue from international students, young professionals, tourists & net migration of 1.5million* over the next 5 years
- Easy walk to bus stops and Woolooware Train Station providing express services to Sydney CBD, Cronulla and greater Sydney
- Situated in a lifestyle focused locality in proximity to popular cafés, bars, restaurants, retail & the iconic Cronulla beach

*approx