Located in Spring Hill within walking distance to Roma Street Parklands, Fortitude Valley and the Brisbane CBD. Brisbane’s oldest suburb is the home for this prominently positioned boarding house which has a grand total of 77 rooms. There are two buildings Arran and Cliveden which occupy three lots on 1591m2 of HR (High Rise) zoned land. In a commanding position at the peak of the arterial Boundary Street adjoining Gregory Terrace, this property offers three street frontages. The location is the best form of advertising to help with keeping a full house all year round and is complemented by the railway line that runs around the property. The train station is a stones throw away.

A previous DA has been approved on the site to increase the number of rooms even further and capitalise on the High Density zoning of the land. Opportunity knocks for the astute developer/investor to create what promises to be a phenomenally profitable opportunity through short/medium term accommodation. Demand for affordable accommodation this close to the heart of the city is at an all time high and will continue to grow at an alarming rate as house prices and rents surge to record levels. This is a chance to make your mark in what is considered the most liveable city in the world. Do not delay.

Arran – 38 room boarding house
Cavity brick building
Timber floors
Tiled roof
New steel fire escapes installed and new guttering in 2007
Bathrooms replaced in 2002
Complies with fire regulations

Cliveden – 39 room boarding house
Cavity brick building
Timber floors
Tin roof
New steel fire escapes installed and new guttering in 2007
Back to Queensland fire response service fire sprinkler system installed

Occupancy is over 95% per annum and a rental log is available for a genuine purchaser. Additional income is achieved through the provision of coin operated laundry facilities, coke machine and pay phone. Most importantly the zoning of this land dictates that a higher density of living can be achieved and increasing the number of rooms via another building would be a wise move.

This is a unique opportunity to own arguably “Brisbane’s Biggest Boarding House” and there is a golden opportunity to make it even bigger.

77 room boarding house
1591m2 HR zoned land
Three street frontages
High occupancy
High demand accommodation
Prime real estate
Across from Brisbane Boys Grammar
Train station nearby
Walk to CBD
Handy shops