Located just 250m from the water is this well maintained, double story 11 bedroom boarding house. Being fully furnished, its ready to be run, with most tenants having stayed on a long term basis. It enjoys high occupancy year round and boasts a commercial size kitchen, large undercover porch, small front deck and multiple showers and toilets. A caretaker resides on site making this an easy, hassle free investment.

Having full accreditation, full compliance with fire safety and a possessing a food licence there are numerous possibilities as to how it could be run. The returns are excellent, grossing over 12% pa and yet there is still great potential to add value and increase returns in this budding area.

As developers in the vicinity jump at sites to build executive apartments and houses, and once fish and chip shops are converted into trendy caf spots its not hard to see that Redcliffe is an area on the move. Short term accommodation is in demand and here to stay. A unique opportunity in one of Queenslands best kept secrets!

Enquiries: John Brennan 0412 764 881 or Email: john.brennan@harcourts.com.au