Fully registered and accredited for 40 people with 21 rooms this astute investment has a projected gross rental return of $212,000 per annum. With significant future development potential the boarding house is on 911m2 corner block (2lots) of LMR zoned land and is not in a Demolition Control Precinct. The land has a Council site value of $790,000 and is not subject to flooding.
- Less than 6km from the CBD, Very short walk for tenants to bus transport and two train stations, moments from shopping complexes
- Well run, clean premises with long term clientele
- Large, functional boarding house approximately 400m2 under roof
- Comprising 7 single rooms, 12 double rooms and 2 dorms, 2 kitchens, a kitchenette, 2 laundries, 6 toilets, 4 showers, 2 internal living areas and 3 external common areas
- 5kw solar power system, New roof
- Being sold fully furnished, List of inventory can be provided
- Build units on site in future, Exceptional holding income, Possible city views