This Chermside motel room in the Chermside Court complex is well serviced by families and friends visiting patients at Prince Charles and Holy Spirit Hospitals across the road (one of Brisbane’s busiest hospital hubs with public and private emergency centres). The property is run as a motel room and owner occupying is not allowed.

You have a guaranteed income with rent paid monthly and up-keep is taken care of by the on-site friendly managers.

The motel room provides comfortable short stay accommodation in the form of queen and single beds, kitchenette, table, TV and it’s got the all important aircon for summer comfort.

A nice little earner to add to your property portfolio!

The body corporate fees are $450 per quarter and the council rates are $313.58 per quarter. The water rates are $243.93 per quarter.

You will also need insurance with this property as well. Please note that due to guaranteed income each month, the insurance policy will not have to include loss of rent cover. The current owners pays around $300 per year for insurance.

The guaranteed monthly income is $767.34. This amount increases with CPI annually.

Watt faves…
* Motel room in Chermside
* Guaranteed income — rent paid monthly
* On-site manager pays for electricity, gas and telephone
* New carpets
* Reno’d Bathroom
* Across the road from Prince Charles Hospital
* Ideal for patients’ families and visitors
* Spacious room with queen and single beds
* Kitchenette (bar fridge and microwave) and table
* Aircon’d