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Description: Presenting an outstanding opportunity for developers and accommodation operators seeking an established, income-producing asset with substantial capacity and a proven rental profile.
This property is fully accredited as a Level 1 Residential Service with the Department of Housing and Public Works. Comprising fourteen (14) private bedrooms and extensive communal facilities, the property is configured to support efficient operation while offering residents comfort, privacy and security.
Each bedroom is designed for quiet, practical living and comes fully furnished plus its own fridge, wardrobe, ceiling fan and security screens. Residents share four (4) well-maintained bathrooms and two (2) toilets, along with a fully equipped communal kitchen featuring crockery, cutlery, cookware, two (2) microwaves, two (2) kettles, a toaster and generous storage.
Two (2) courtyards provide relaxed outdoor spaces for residents to socialise or unwind, while the on-site laundry, secure bicycle storage shed and twelve (12) designated car parks add further convenience. An electric entry gate and 24-hour CCTV monitoring provide an additional level of security across the property and car park.
Features include:
- 14 private single bedrooms (furnished)
- Fridge, built-in wardrobe, ceiling fan and security screens in each room
- Four shared bathrooms and two toilets
- Fully equipped communal kitchen
- Two resident courtyards
- On-site laundry facilities
- Secure bicycle storage shed
- 12 designated resident car parks
- Electric entry gate
- 24-hour CCTV monitoring
- 23kW solar system installed
- Gross income of approximately $209,000 per annum (7.20% Per Annum)
- Holding net income of approximately $153,000 per annum (5.27% Per Annum)
With strong annual income, an established accommodation layout and infrastructure already in place, this is a compelling opportunity for an operator looking to expand their portfolio or a developer seeking a well-positioned income-producing asset. Enquire today to obtain further information and arrange an inspection.
To arrange an inspection or learn more, please call Leon Carlile on 0418 795 484.
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