27 Granard Road in Rocklea is the gift that keeps on giving; a multi-dwelling property where potential runs wild with high yield returns across many business opportunities!

A near 10% yield is often sought and rarely found, but this property has been cleverly designed and has had proven performance as an Air BnB cash cow with 5 different dwellings, each with next-to-no vacancy year round. The most recent gross income earnings were in excess of $110,000pa, with plenty of simple ideas available to further enhance this for yourself for future growth with a few tweaks to the operation and planning of the property.

Current configuration:
– Main Residence: the main floorplan upstairs consists of three bedrooms plus a study, with separate lounge room, and full-sized kitchen, with a rear balcony, updated bathroom, neat and tidy interior paint, polished flooring and beautiful ornate ceilings. The main residence also has its own hot water system.

– Studios 1, 2 and 3: Downstairs are three self-contained studios, each with their own separate direct access, with open plan lounge, bed and kitchen, with their own bathrooms. All of these studios are also air-conditioned, and share one hot water system, and share a power metre too.

– Granny Flat: at the rear of the property is a free-standing studio with its own courtyard and outdoor living space, with kitchenette, and again its own bathroom. This dwelling could easily be given its own laundry space with an easy modification. This space benefits from its own hot water system.

– Community Games: at the rear is a huge under cover entertaining space joining the main residence to the Granny Flat courtyard, and gives rear access to the upstairs level. A large communal laundry room is also adjacent.

– Side Yard: with a near 20m frontage, there is large amounts of additional space is again available at the Eastern edge of the property, fully separate to the Air Bnb dwelling with cleverly designed Street access.

The property has had several enhancements over the years to ensure the yield is run as a tight ship business; there is a 6.6KW solar panel system on the roof, and water tanks servicing water to the toilet flushes for sustainability.

27 Granard Road in Rocklea is location rich, resulting in extremely low vacancy rates making this yield purchase an outlier to the market; this is the GOLDEN GOOSE of Granard Road, and it will not last long, so be sure to contact Nick Bowen today to arrange your own private inspection, or you just might miss out!