235 Vulture Street, South Brisbane QLD 4101

In the heart of popular South Brisbane's booming marketplace, this well maintained Boarding House is a magnificent opportunity for investors.

Rarer than rare, located less than 1km from the Brisbane CBD, the property is strategically situated along the suburb's main public transport thoroughfare with buses and trains all nearby and providing ease of access.

With minor renovations and adding extra bathrooms this unique property can be made self-contained increasing the rental return to approximately $70,000 per annum.

The property comprises 5 rooms each boasting a separate bedroom and kitchen; shared bathroom facilities and laundry.

Key attributes;
-Blue chip location with strong capital growth
-627 sqm total site area (elevated land zoned LMR2/3)
-Less than 1km to Brisbane CBD
-Development potential
-Strong rental return with potential to increase
-Fully accredited and compliant
-Fully tenanted
-Low vacancy periods

As well as being a great investment land bank opportunity, investors will consider various tempting options including reaping rewards from developing the property or holding and enjoying strong rental returns.

For further information or to arrange an inspection, please contact the exclusive agents Property Inc. Estate Agents.