Hugo Alexander is pleased to present this exceptional investment opportunity in Northside suburb of Keperra, Brisbane.
Purpose built to achieve strong rental income, this Rooming House is thoughtfully designed with a three phase 13KW solar system, and contemporary finishes such as caesar stone bench tops, Vj feature walls, timber staircase and hybrid flooring.
Positive cash flow assets with 100% occupancy are typically tightly held assets. Savvy investors will find incredible value in this acquisition.
This is a brand new build on its own titled lot on a quiet residential zoned lot.
Video links
https://youtu.be/Aw4ANxQ9HeY
31 Grimstone Street - Rooming House
Each room is beautifully presented; new, and spacious. Like a contemporary 1 bedroom unit in a lovely quiet street location of Marnham Street.
Rooming House demand
Brisbane population - 2,568,000
Single population - 1,093,970
Tenants per house - 5
Rooming Houses required to fill demand - 219,000
Rooming Houses completed - approximately 870
As an investor, this niche is the most highly sought by tenants and undersupplied. Owning a Rooming House means you are contributing to making Brisbane a more livable city, so tenants can enjoy dignified, comfortable and safe accomodation.
Rooming Houses help accommodate single employed adults in their own tenancy. They move singles from share houses and open up rental homes for families.
Market rent
Fully leased for $2100 per week - $109,725 per annum
$420/week x 5 (52.25 week year)
- Steel frame
- Brand new with 6 years warranty
- stone bench tops throughout 6 kitchens and laundry
- tiled bathrooms
- 2 car parks in driveway
- 2 courtyards, 3 balconies
- quiet street location
- Class 1B certified rooming house
- 13kw solar system
- Approved class 1B for 5 leases to fully employed adults
- Furniture and appliances included
- 2 car spaces
Location:
Keperra is 12km North of the Brisbane City centre in an elevated position. The area is characterised by highset brick and weatherboard homes with an increasing mix of new contemporary large family homes. Keperra has excellent road and rail and bus access to the city, high ways, big box retail, shopping centres, restaurants, cafes, takeaway food and sports grounds. The largest retail franchises Woolworths, Coles, Aldi are close by in 3 large shopping villages and there is an abundant offering of international cuisine making the area a very vibrant and engaging community. There is no flood or character overlays here. The area is primed for exceptional capital growth.
Neighbouring suburbs:
Everton Park, Alderley, Ashgrove and Bardon
This property is located on a quiet street and close to a number of shopping and food precincts.
Don't miss out on this great investment opportunity.
Contact Harry Imam on 0403 180 092 or [email protected] for further information.
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