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3 Bed • 3 Bath • 0 Car

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Main view of Homely unit listing, 7-11 Brown Street, Labrador QLD 4215

Second view of Homely unit listing, 7-11 Brown Street, Labrador QLD 4215

Third view of Homely unit listing, 7-11 Brown Street, Labrador QLD 4215

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7-11 Brown Street, Labrador QLD 4215

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3Bed
3Bath
0 Car

Unit for sale

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What's around Brown Street

Unit description

“Student Accommodation - Excellent ROI!”

Student Accommodation delivers a strong ROI with excellent demand and high rental levels achieved.

Each unit includes 3 bedroom each with an en suite and each bedroom/en suite is rented separately so you earn 3x the income.

Gross yield can be 9.5% or even higher depending on the term of the lease for the occupants.

The complex has professional onsite management who handles the day-to-day management of the units and tenants for the owners.

There are opportunities coming up in this complex.

Please register your interest with the on-site sales specialist - Joshua Dean 0447 777 148

STRICTLY STUDENT ACCOMMODATION ONLY - no homeowner occupiers.

Income: Gross income Approximately $250 to $300each room
Occupancy rate: 80 to 90% average.

Outlays:
• City council rates approx. $2200 per year.
• Water rates: approx $600 per 3 months billed $2400 p/year (water is high always due to three students in apartment using washing machine and dryer)
• The BC levy is $94.63 p/w. yearly about $4920.76 p/year
• Flood levy at 44.33 each week $2307.68 p/ year
This a levy to raise from each lot to fix the flood issue to Metro
As metro had been flooded three years in a row
Issue had to be fixed according to engineer’s report
And work ahead to fix flood issue
Future work to be discussed after flood issue resolved
Re pavement staircase and garden bed flood issues in two years’ time.

• Insurance for contents depends on which insurance company

• (the big insurance companies eg CGU, Terri Scheer, EBM do not supply cover to student accommodation, landlord has to find other insurances)

• Electricity

• Gas

• Internet

• Onsite management caring commission contact onsite management.

• White good and repairs, beds and mattresses for students, microwave, cleaning gear, linen.

Onsite management supplies internet to each room x 3 individual fastest speed fiber optic internet to each student (none sharing as each room has an internet connection), internet includes a specialised internet staff taking care of all routers and services.