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Premium fully leased boarding house investment in Sydney’s Lower North Shore


38 Rangers Road, CREMORNE NSW 2090


Total Area: 354 m2


I.B Property is pleased to present, Rangers Road, Cremorne, a premium fully leased boarding house investment in Sydney’s Lower North Shore.

Featuring 18 renovated studios plus a 2-bedroom manager’s apartment, each studio is self-sustained with a modern kitchen and bathroom.

Set back on the cusp of Neutral Bay Village, locals capitalise on its exclusive location only footsteps to an array of restaurants, cafes, shops, and amenities. Locals enjoy the convenient location with easy access to Sydney CBD via frequent bus services on Military Road.

Key highlights
– 18 x studios plus a 2-bedroom manager’s room
– Self-sustained studios each with a renovated kitchen and bathroom
– Fully leased boarding house investment with a current net income of $502,839
– Opportunity for a positive rental reversion with strong leasing demand
– Communal laundry, outdoor gardens and living room
– Highly sought-after lower north shore locale, less than 7km from Sydney CBD
– Carport for 2 car spaces
– Rear street access via Education Lane
– Ideal location within walking distance to Neutral Bay village, restaurants, cafés, amenities and bus services to Sydney CBD

For more information, please contact Steffan Ippolito 0403 347 111, Paul Grasso 0434 497 793 or Adam Droubi 0420 807 090.



Property Type



  • Steffan Ippolito
  • Director
  • P. 9221 3333
  • M. 0403 347 111
Contact Now


  • Adam Droubi
  • Associate Director
  • P. 9221 3333
  • M. 0420 807 090
Contact Now