14-16 Ramsgate Street, Botany NSW 2019

Boarding house going concern | 27 tenants in place | 1,372sqm deep block near Botany shops | flood overlay flagged This property offers a rare combination of scale and immediate income. The fully licensed 27-person boarding house operates as a single going concern, meaning a buyer steps into an established cash flow rather than a development project. The exceptionally deep 1,372sqm block on a quiet residential street is the structural edge , it gives the property a land-to-income ratio that few residential investments in Botany can match. For an investor seeking a low-touch, high-occupancy shared accommodation asset with a manager on site, this is a specialised buy that competes on yield rather than capital growth alone. The flood overlay is the primary risk and will limit finance options and future development appetite , a qualified inspection and insurer pre-approval are non-negotiable. The building presents well but has not been recently updated, so capital expenditure on bathrooms and common areas should be factored into hold costs. On the opportunity side, short-term lease flexibility and the ability to raise individual room rents toward market ($180pw is below comparable shared accommodation) offer a clear path to income growth without structural change. Hold this as a tightly managed income property and treat any future subdivision or expansion as a long-term bonus, not a near-term plan.