5-7 Liberty St Apartment Building $4,460,994 CAD 4.39% Cap Rate Enmore Inner West, NSW 2042

This is an outstanding opportunity to acquire a substantial Inner-West boarding house investment comprising 18 rooms and 4 bathrooms across two adjoining titles. Both properties are offered in one line or individually, presenting investors with a secure and proven income stream under a 5 + 5 year head lease. The current term commenced on 1 July 2021 and runs through 30 June 2026, with the option already executed for a further five years starting July 2026.
The asset delivers robust income performance, boasting a gross annual return of $197,600 (increasing to $238,680 from July 2026). Key features include modern communal kitchens, laundry facilities with coin-operated appliances, and rear pedestrian access. Configured as 9 rooms and 2 bathrooms per property, these buildings are fire-compliant and well maintained.
Positioned between Newtown and Marrickville in a tightly held pocket, this location attracts enduring tenant demand supported by surrounding café culture, lifestyle amenities, and excellent transport connectivity. Zoned R2 Low Density Residential, the properties carry strong underlying land value and future flexibility.