424 Waterworks Road, Ashgrove QLD 4060

Summary
• Post War Home (source B.C.C)
• No Strata Fees, Freehold Investment with above average Yeild
• Low vacancy rates with strong fixed term leases
• City Views
• Fully Furnished with high quality fit out and refurbishment
• Walking Distance to Public Transport
• Approx. 400m to Ashgrove West Village
• Proximity to some of Brisbane's best private and public schools
• 23min Bus Trip to Kelvin Grove QUT campus

The perfect retirement plan is available to the savvy buyer to appreciate an income stream, with a high calibre property with still room for growth.
Nestled in the heart of Ashgrove, is this 10 room Budget / Student accommodation residence that generates gross earnings of approx. $120,000 per year.
Investors will benefit from an outstanding rental history, fixed term leases and a high calibre building with a very low maintenance schedule.
There is scope for above average capital appreciation due to the large 607m2* of land and CBD viewsoff the back verandas.

Opportunities to sit back and achieve a favorable net yield with the comfort of low maintenance schedule are few and far between. Act Fast to secure this one-of-a-kind Ashgrove gem.

An increase of 9% (6,500 approx) international students are expected to arrive in Queensland 2022 and prediction of this figure to continue to rise will be of significant advantage to property owners holding suitable accommodation.
(Source Department of Education)


* Where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes.
* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only