A fantastic location with a multitude of options available for the astute business person. Currently this property is run as a successful approved student accommodation-guest house and offers 23 bedrooms for rental. The accommodation ranges from budget to deluxe with the back park of this property being 3 years old. The newer section also has 7 ensuited rooms. The complex also boasts two fully contained kitchens, a meals room, common room and laundry facilities with coin operated washing machines and dryers. Five unisex bathrooms are also located at the front of the complex.

There is a rental office on site as well and when the tenancy is full, the current business offers a potential yield of approximately 11% gross return. Moreover with this being such a large block of 1024m2, this property allows an astute buyer to pursue alternative options to transform this strategically positioned real estate.

The location offers walking distance to Westfield Indooroopilly shopping centre, Queensland University, local bus transportation, Mt Lindsay Highway and a short distance to Brisbane CBD. Inspections are strictly to be accompanied with team “Cathcart & Chin” Please call today to discuss this wonderful opportunity and book a time for your tour.

A Sustainability Declaration is available for this property from Brad Bell Real Estate.