Not only do you get an exceptional development site set on a 911m2 LMR corner block, on two lots, in a non-demolition control precinct, with potential city views and 60% GFA – but you also get 21 bedrooms – a mix of singles and doubles, which come furnished with beds, bar fridges and dressers (a full inventory is available on request).

There are two fully decked out communal kitchens plus plenty of living space, also furnished, both inside and out.

Fully registered for 42 people and managed on site, this property is relatively low maintenance and certainly stacks up well.

You will enjoy an instant return on your investment with an exceptionally low vacancy rate.

Not only do you get a very sound investment, the property is also an exceptional future development site.

Overview of features:

Fully registered
Great return
Immediate income
Perfect block
Under six kilometres to CBD
Non DCP
Two lots
911m2 LMR

With buses at the front door and the train only 300 metres away, the property would also suit students at the University of Queensland, as well as others attending the many TAFE colleges etc in the area.

With the expected gross return expecting to top 10% in the next six months, this is a medium term investment that actually stacks up!

I do apologise for the lack of bedroom photos. At the time of photography, occupancy was at 100% and we didn’t want to disturb the residents. There are three different room sizes attracting different tariffs. If you would like a full inspection, including bedrooms, perusal of the furniture inventory etc, please contact us and we will make the necessary arrangements.

Contact Coronis Realty today for full details.

911m2 LMR
Great return
Two lots
Non DCP
21 rooms
City view potential
Six kilometres to CBD
Development potential
Walk to Rail
Bus Stop Outside