Sold

37 Mccourt St, Wiley Park

SOLD for $4,850,000

5 697 m2

New Age Boarding House Offering Excellent Rewards

An exceptionally unique multi-investment opportunity

Investors will be highly impressed with this super ·stylish complex of 19 modern studio apartments that represents an extremely rare opportunity to acquire a substantial income generating asset in a fast-growing Sydney location. Superbly appointed throughout and fully

furnished with a range of good-quality finishes, all units are ready for immediate occupation with well-appointed interiors, good security  and lock-up  basement  parking on-site. The property offers a superb real estate prospect and is very well-located within walking distance to a choice of train stations, bus connections, local schools, shops and amenities.

New age boarding house featuring19 studio apartments in a security complex

 •Currentlygeneratinganannualincomeof$364,520withscopetoincreaseyield

• Fully self-contained units are configured as 15 double-sized and 4 single-sized

• All units come with a hotel grade bed ,bar fridge ,kitchenette and bathroom 

• Intercom entrance plus parking for up to five cars in the basement carpark

• Well-maintained communal areas plus a shared court yard at the rear

• Fresh and bright interiors display an easy-care open plan layout

• Outstanding growth and rental scope with excellent annual returns

5 697 m2

Details

Address 37 Mccourt St, Wiley Park
Price SOLD for $4,850,000
Property Type Commercial
Property ID 331
Category Hotel/Leisure
Land Area 697 m2
Office Area 697m2

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What our clients say

We want to thank you for being our real estate agent and one of the BEST! This is the third property you’ve sold for us and again with such an amazing outcome. For that, we will be eternally gra...

Beryl and Graham

Thanks for all your help during the sale of our property. Your experience and knowledge selling process so much easier. We are really happy and would recommend Romani to all our family and friends.

Carmen, Breakfast Point

I have dealt with Romani many times and found him to be deeply knowledgeable and driven. Romani strives to achieve and surpass expectations, with great communication skills and commitment to his vendor...

Joshua, Burwood

We were incredibly happy with the whole process from beginning to end. We highly recommend Romani and would use his services again to sell a commercial property. 

Ian and Sarah, Summer Hill

Romani’s calm, considered and thoughtful responses helped calm my nerves during the selling process. He managed our price expectations, and I believe the property bidders also had realistic price...

David, Concord

Romani achieved an outstanding result for us. Even though it was a modest property, Romani put in 110% effort. He even project managed a decent makeover for no extra cost. We could not be happier with...

Scott, Ashfield