Here’s something for the keen investor or business-person, or perhaps you’re seeking some independence and a very different type of lifestyle to what you have now; there’s potential here for both short and long-term gains. But it’s not for everyone.
95 Annie Street is an endless money-producing backpacker hostel, which means there are day-to-day obligations coupled with some real money-making opportunities. This could be the key to your financial security and independence-and all the while you’re busily managing the business the property is appreciating out of sight. Not bad gains, particularly when you consider that the current income exceeds $100,000 per annum.
You need to look in this. You’d kick yourself, if you didn’t at least have a look at it.
Where else can you make over $100,000 per annum in income?
Remember this is New Farm; history tells us that this is one suburb where you can look forward to fabulous growth and good returns. More than 15-years of strong and consistent growth show New Farm to be a very successful suburb, community and neighbourhood.
You’ve got everything here: land size, good solid income, ideal location, and great capital growth are just some of the main selling points of this income-producing residence located in bustling cosmopolitan Annie Street, New Farm.
You’re close to the Brunswick Street hub with the Taj Mahal on the corner, the soon to be revitalized Village Twin Cinema as well as Gerties and the Alibi Room. What a great spot to be; and what a great spot for your clients.
Originally this property was one home before being divided into 12 rooms, 4 bathrooms and 2 kitchens, and it could be that again, if you wanted to forego an outstanding income of over $100,000 per annum that is. But the other thing about this property is that there is potential here-with council approval, of course-to subdivide and create another dwelling at the rear of the property.
Brisbane City Council rates: $1275.00 per quarter