8 Sweetman Street, Paddington QLD 4064

Interested in student accommodation? Watch the video for a full interview with the Seller.

Rarely does an opportunity such as this become available. This three level, solid brick property in Paddington offers multiple occupancy and is currently returning $1980 per week in rent. Certainly one of the most secure investment opportunities available each room is independently rented out to students ensuring strong, safe and consistent returns, unlike a single leased investment where the home sits vacant between tenancies.

This is a fantastic opportunity to buy your own business by managing the property yourself.
The inner city Brisbane location is a vibrant community and conveniently positioned, attracting strong quality tenant interest when rooms are available.

An incredible position that is just a few minutes' walk to both the inner northern busway, Milton train stations and provides easy bike and car access to major roads. Well placed to Caxton Street bar/restaurant district, Suncorp Stadium and the Brisbane CBD, this is a truly rare investment opportunity.

Summary of Features
-Currently fully tenanted and returning $1,980 p/w
-11 rooms, each individually rented and set up as student accommodation
-Single bedroom Granny flat with its own kitchen, bathroom and living area
-Walking distance to the Kelvin Grove QUT
-Three kitchens, one on each of the levels
-Four bathrooms, each level with a communal bathroom, one bedroom has an ensuite
-Each room is furnished with a bed and study desk
-Being sold as a full turn key business with furniture and tenancies
-Inner City location
-Minimal maintenance required
-Low vacancy rates
-Walking distance to busways and train station
-Easy access to major roadway
-Within close proximity to the Caxton Street entertainment precinct
-2km to the Brisbane CBD!

Here is an opportunity to acquire a secure investment property in a tightly held area with consistent positively geared rental returns. If you're representing a 'Self-Managed Super Fund', looking to make a strong investment or are seeking an inner city property with strong returns, this could be yours today. For further information contact Peter May or Brad Robson.