Imagine owning an investment property so sought after that tenants are lining up to secure it nine months before move-in, without a single ad placed. That's the reality at 9/598 Castle St, part of a purpose-built student complex that has proven its strength year after year.

This modern, low-maintenance townhouse was designed for student living in the early 2000s and remains highly desirable today. It contain a spacious open-plan kitchen / living area, six generously sized bedrooms, each with built-in wardrobes and study desks, two bathrooms and dedicated off-street car parking.

Currently rented exclusively to female students, this property has enjoyed a history of reliable tenants and steady rent increases. Just to illustrate:
• 2021: $1,020 per week
• 2025: $1,320 per week
• 2026 (secured): $1,410 per week

That's a $20,000 boost in annual income in five years- equating to an estimated $300,000 increase in value, based on current market cap rates.

The current owners had every intention of holding this long term, but changing circumstances means someone can take over from here and basically just sit back.

In conclusion, this property offers:
• Consistently strong tenant demand
• Minimal body corporate involvement and low fees
• Low maintenance costs
• Proven rental growth and reliable income stream

So, if you're looking for a hands-off, high-performing investment in one of the most resilient sectors, 9/598 Castle St is the kind of property you'll want to hold for years to come.

Link to 3D Tour below
https://my.matterport.com/show/?m=VLNRyJ6YWCZ