60-66 Minnie Street, Parramatta Park QLD 4870

With great potential and currently showing top returns, this income stream is a must to inspect.
A corner block position of 1619 m² it has three, double story Queenslanders comprising a total of 36 rooms (including 8 double rooms) and is registered for 43 residents.
All rooms have air conditioning and each room rents for $160 per week as a single with the option to charge more for the larger rooms. Vacancy rates at 66 Minnie Street are very low with a large number of long time boarders and presently only one spare room which is being painted!

This boarding home has great opportunities right now with future options to: re-develop and build luxury inner city apartments, strata title and subdivide off the current house's or explore the opportunity of building another home on the large block.

Fully registered and operating as the Green Lizard boarding house, the current owners work approximately 12 hrs a week to operate this successful business from an on-site office.

Current trading figures are available on request to those with serious interest and inspection are to be made through contacting the agent only.

The single reason our Sellers are selling is that the time has come to kick back and relax! Their price expectations are VERY realistic and provides you the opportunity to continue benefiting from this solid and rare investment opportunity.