Interesting opportunity for investors searching for a high rental return property. This 7 bedroom boarding house is well-located in central Allenstown and holds mostly long-term leases to wonderful tenants with a gross return of almost $50,000 per annum, representing a very high yield on investment. The building is in good condition, and the property is a gilt-edged addition to a new or existing real estate portfolio. - Current rental investment yield of 12.5% - 7 single bedroom, retro studio apartments - Varying leases (most long term) returning $960 per week - Cosy, eat-in kitchenettes with oven/microwave - Each studio has air-conditioning, ceiling fan and cupboards - Larger common room for community/group use - Shared bathroom and laundry facility - 493m2 level lot, maintained and fully fenced - Central Allenstown location to suit possible future redevelopment - Current use is women's boarding complex with good tenants