Positive cash flow, high depreciation, and excellent capital growth. You simply won’t find a better-performing residential investment than the brand-new “Biarritz” executive Rooming Accommodation House.
Augmented by Brisbane’s current rental crisis, the demand for premium affordable accommodation has created this rare high-net-income investment opportunity. ($117,000 per annum/$2250 per week gross*)
These five deluxe fully serviced and equipped studios are some of the largest available in Brisbane. Popular amongst tenants seeking stylish private facilities at a more accessible cost than apartments, they also offer the convenience of one rental payment covering all accommodation, furnishings, utilities, internet, and car parking.
Selected for its broad lifestyle appeal, the property’s quiet yet central location is within easy walking distance of cafes, restaurants, supermarkets, medical centres, parks, schools, and transport offering a swift commute to the CBD.
Set on a prime 380sqm land parcel in an area experiencing sustained capital growth, investors will benefit from low vacancy rates and excellent tax depreciation of over $20,000 per annum for the first 10 years.
Add to this the quality build (featuring solid concrete slab, excellent acoustic and thermal insulation, Colourbond roof and fences along with simple landscaping), to secure a high cash-flow-investment property promising longevity and minimal maintenance.
Property Highlights:
-5 separately leased studios managed by expert Rooming Accommodation Managers
-Each luxury studio boasts large private internal and external living areas of 36m2 to 69.8 m2
-All encompass a kitchenette, ensuite, robe/storage, alfresco entertaining balcony or courtyard
-All feature remote reverse-cycle air-conditioning; ceiling fans; security screens for cross-ventilation
-Rooms showcase quality, stylish, durable finishes and inclusions to generate maximum rental yield
-Furnishings- Queen bed, lounge, 50-inch smart TV, stone benchtops throughout, all kitchen utensils
-Premium appliances stainless steel fridge/freezer; microwave; coffee machine; toaster; kettle
-All bills are included (power, water) plus high-speed internet with 24/7 unlimited download.
-Communal areas include full kitchen, dining room, laundry, and car parking
- 19.92 kW solar to negate power costs; smoke detector/alarms
-Fully certified, compliant, and insured as a rooming house in 2024
-Lot 4 on SP 338710; Brisbane City Council LMR zoned location
Area Highlights:
-15km/less than 25 min drive from the CBD
-5-minute walk to a choice of bus routes
-10-min drive to Sunnybank or Coopers Plains Train stations (approx. 30 min trip to CBD)
-400 metres/5-minute walk to Acacia Ridge Shopping Centre with cafes, restaurants, IGA supermarket, fresh food stores, pharmacy, hair salon/barber, banks, Australia Post and bottle shop
-500m/7-min walk to Acacia Ridge Medical Centre
-Less than a 5-minute walk to local parklands and Marnham Street Dog Park
-10-minute walk to Acacia Ridge Leisure Centre and Swimming Pool
-10-minute walk to fast food outlets including McDonalds
-Walk to local primary school, kindergarten and childcare centres
-8-min drive to local TAFE; 15 min to Griffith University (Nathan) 20-mins to Mt Gravatt Campus
-15-minute drive to the popular Sunnybank Plaza and Market Square
-15-minute drive to major retail at Westfield Garden City
-Just over a 10-minute drive to QEII Jubilee Hospital
-Access in moments onto arterial roads (M2 M3 and M7 connecting with the Brisbane CBD, Airport, and Gold Coast).
Given their high yield, excellent capital growth and market leading depreciation, it is not surprising that rooming houses are so tightly held amongst investors. And this brand-new purpose-built offering is arguably Brisbane’s best.
To receive a copy of the Information Memorandum or arrange an inspection please contact Adam Nobel on 0417 007 001.
*when fully leased
**approximately
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