A registered 24-room new generation boarding house in Petersham has been listed for sale with 100% vacant possession, presenting one of the few opportunities in Sydney’s Inner West to acquire an established accommodation asset with immediate operational control.
The freehold property at 33 Fort Street, Petersham comprises a purpose-built facility of 1,053 sqm* arranged across basement, ground and two upper levels, configured with 24 rooms (up to 50 persons) alongside communal kitchen, dining, laundry and courtyard amenity, lift and ramp access, and on-site parking.
This modern facility is ready for an accommodation provider to commence operations immediately.
The property is being offered exclusively through Miron Solomons and Matt Pontey of Cushman & Wakefield in conjunction with Daniel Gunning and Tushar Bakashi of Gunning Commercial, on behalf of a private owner.
Miron Solomons of Cushman & Wakefield said
“New generation boarding houses in this location and offering amenities of this scale are highly sought after.
“The turn key solution is a huge attribute, especially with the challenges of delivering new builds to the market.
“We are likely to see interest from groups who will be willing to act quickly and at a premium for an asset which is not only purpose built but also offers an immediate solution to the high demand for accommodation in this precinct.
“New operators will look to capitalise on this demand and low barriers to entry of this asset, as will groups looking to expand their existing footprint.”
Matt Pontey of Cushman & Wakefield said the campaign is expected to draw interest from accommodation providers, co-living operators, student housing groups and private investors.
“This is a genuine plug-and-play opportunity. The facility is already configured and registered for the use, which means buyers are acquiring an operating platform rather than a development risk,” he said.
Daniel Gunning of Gunning Commercial said the Inner West continues to record persistent demand for affordable and shared accommodation, underpinned by its student population, hospital workforce and proximity to the CBD.
“Petersham is one of the tightest rental markets in the Inner West, and assets of this scale and configuration are seldom offered. The combination of scale, location and facility configuration makes this a unique proposition,” he said.
33 Fort Street, Petersham is being offered for sale via Expressions of Interest, closing 3pm (AEST), Wednesday 21 October 2026.
