$1,250,000

16 Bed  •  4 Bath  •  0 Car

Main view of Homely block of units listing, 11 Thornbury Street, Spring Hill QLD 4000
Floorplan of Homely block of units listing, 11 Thornbury Street, Spring Hill QLD 4000
Second view of Homely block of units listing, 11 Thornbury Street, Spring Hill QLD 4000
+8

Sold

11 Thornbury Street, Spring Hill QLD 4000

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$1,250,000

  • 16
  • 4
  • 0

Block of Units Sold on Tue 25 Nov, 2014

What's around Thornbury Street

Block of Units description

“Cash Cow in Spring Hill! 10%+ Returns.”

* 16 Bedroom Student Accommodation proven track record
* Sustained high occupancy with fixed term leases
* Currently achieving $2,780 per week gross income ($137,332/per annum)
* Compounding rental growth for the last 3 years
* Professionally managed by The Pad Property Group
* TV, bar fridge and air-con in every bedroom
* Central location, walking distance to Brisbane's CBD

This property has maintained high occupancy rates over the last four years being managed by The Pad, with constant demand due to its strategic location in the heart of Spring Hill. Positioned in a small, quiet street straight off St Pauls Terrace, this property is walking distance to a multitude of amenities including public transport to all the universities, the bars and restaurants of the Fortitude Valley Precinct and of course, the Brisbane CBD.

This property really is a rare investment opportunity, and with all chattels included and tenants already in place, it is already up, running and ready to go. So call Judi or Michael and arrange an inspection today.

Property features

airConditioning

Air Conditioning

Other features

Kitchenette

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11 Thornbury Street, Spring Hill QLD 4000
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