Savills are delighted to offer an exceptional opportunity to purchase 180-182 St Johns Road, Glebe. A newly constructed fully leased premium rental accommodation in Sydney's City Fringe, only metres from Sydney's finest universities, health, entertainment, and business precincts.
- 33 newly constructed air-conditioned luxury studio apartments, and a highly visible 57 sqm commercial tenancy fronting St Johns Road leased to an award-winning Hair Salon
- Fully occupied tenanted investment generating circa $892,515 of annualised gross income
- Set to benefit further from the increase in migration to Australia of skilled workers and students, with estimated gross annualised income of over $1.04 million by early 2023.
- Completed construction in April 2021, considerable depreciation benefits
- Built for long-term ownership with a strong focus on durable materials which have a long lifecycle alongside low ongoing maintenance costs
- Rooms are fully furnished with custom-made designer furniture
- Expansive communal roof terrace with City views
- Appliances, including a combination oven/microwave, are included within fully equipped kitchens, and all rooms feature a wall mounted smart TV
- Ultra-high speed fibre internet connection with Wi-Fi provided throughout the building
- Secure building with CCTV
- Extensive solar panel system on the roof of the building to significantly reduce energy consumption costs
- Offered with a management agreement in place to UKO, a leading Coliving and Build-to-Rent property management business, or termination on sale
- 2021 Urban Taskforce Development Excellence Award Winner
For further information or to arrange an inspection, please contact the exclusive agents.
