3 Macquarie Road, Fennell Bay, NSW 2283

D'Ettorre Real Estate is delighted to present the prized, free-standing New Generation Boarding House, "Macquarie Studios," located in the ever-popular bayside suburb of Fennell Bay. With a proven income over the past eight years, this property has established itself as a popular and affordable lodging option in the area. Each stylish and modern studio features a clean and functional kitchenette, a modern bathroom, hygienic vinyl flooring, and an outdoor patio.

Depreciation benefits from a 2016 completion and strong occupancy record (currently with 100% occupancy). Significant opportunity to increase room tariffs and property yield.

All studios are on the ground floor enjoying easy level access. 2 of the 12 studios are specifically designed for those with limited mobility.

Property highlights
• 12 Modern self-contained studios all with private berandas
• 5 car spaces & 3 motorbike spaces
• Large level land on 859 sqm
• Purpose built in 2016 & architecturally designed throughout
• 12 Studios in total, configuration of 7 double suites & 5 single suites 
• All studios have own numbered letter box 1 to 12 
• Modern kitchens with European appliances
• Contemporary combined bathrooms and toilets
• All studios have handy laundry with combined washer & dryer
• All studios enjoy outdoor Patios/verandas
• Spacious communal living area with kitchenette
• Current income with tariff increases as of 1/6/2024 = GAR $169,520
• Land tax exempt 
• Further depreciation allowances at approximately $1,040,000	
• Separately metered for water & electricity (occupants pay own utilities)
• Automated security locks/secured building


Additional features and inventory:
• Fridge
• Combined washing Machine/ Dryer
• Microwave Oven
• Built in wardrobes & draws
• Ceiling fans
• All rooms with cooking extractors
• Security Video Intercom

Close to the local shopping precinct including restaurants and waterfront parks with buses at front door and just down the road from Fassifern Train Station all amenities are at hand.

A popular Bayside suburb with strong leasing demand. A prudent low maintenance Freehold investment with no land tax and depreciation advantages.

Inspections by private appointment.