Address available on request

Fully licensed, Level one, Share accommodation investment property.

Located only minutes to all facilities and within 3km radius to the Brisbane CBD. Currently returning $3,000 per week or approx $156,000 per year.

Further improvements could be made to the property to increase rents, otherwise the site may be suitable to lease out to one of the local housing providers under a commercial lease agreement.

Either Way with the cost of living through the roof and the current rental crisis, affordable housing options have become more and more popular to rent, with most vacant rooms leased within 24/48 hours.

13 Rooms all leased on RTA fixed term leases.
4 bathrooms (two recently updated)
736m2 block zoned low medium density with development potential (STCA)
2 buildings across one title
Annual gross income approx $156,000 p/a (Full capacity)
Annual outgoings approx $30,000 p/a (Excluding property management fees)
Very experienced property manager happy to stay on (Fees negotiable)
Within a 3km radius to Brisbane CBD
Walking distance to train station and all shopping facilities
Commercial leasing potential (STA)



Call Steve Landeta for more information or to book an inspection - 0435 890 517


Disclaimer:
While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.