In a quiet leafy cul-de-sac in inner city Fairfield is this double story Queenslander currently accommodating students and sporting teams in short term accommodation scenarios and generating a high yield.
Complete with six + bedrooms, three bathrooms, two kitchens, separate living areas, alfresco entertaining areas, on a 359 m2 low maintenance block...with separate access up and downstairs, only a communal laundry shared, this home would be ideal in its current use, or to rent out to two separate families, or even a dual living situation for the extended family.
The home has a warm ambience and has authentic Queenslander features such as high ceilings, timber floors, lead lighting and VJ walls. The upstairs lounge is air-conditioned and each of the bedrooms can be individually locked, making it suitable for multiple student accommodation.
Owners also own similar property with comparable returns at 45 Fenton Street, Fairfield, and can sell either as a package or individually. The owners are willing to discuss a rent back option for a period of time, depending on sale price negotiated.
Only 5 kilometres from Brisbane CBD and very close to all amenities in Brisbane including two major hospitals, parks, public transport, Fairfield Gardens Shopping Centre, cafes/dining, University of Queensland, Southbank and all the major attractions, this will continue to be a popular location for university students and hospital workers, in particular.
Retaining its current use is literally a licence to print money...seriously, residential returns this high are unusual. A buyers' market combined with low interest rates makes this a very astute purchase, a sale is expected before Auction day, you must enquire immediately and declare any interest; this is a red hot opportunity!
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