55 Ellen street with eight large bedrooms/guesthouses and five self-contained flats is on the market for the first time since 1975.
Currently turning over $125,000.00 p.a for the current owners just with rental income. These cosy units speak for themselves with their spacious guesthouse kitchens and large lounge room. It is no wonder that all units are currently occupied with long-term and happy tenants who are willing to continue stay.
Not only is this complex already set up to bring in an income for you but also has more opportunity for growth. This investment opportunity will also bring you the ability to grow your investment as towards the back of the property is a large space for you to build more units or granny flats.
Situated at the heart of Oxley, 55 Ellen Street is only a 4 minute walk to the train and bus stop and shopping precinct. This complex is close to recreational parks and you can get to the CBD under 20 minutes.
Don’t miss out on this valuable investment opportunity that won’t last long! Discover all the potential in 55 Ellen Street, Oxley today.
07 3879 1515
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8 Guest houses + 5 self-contained flats
Large kitchen area on the top level
Large lounge room
Long term tenants
Outdoor BBQ area
Separate laundry area
Land Size:1240 m² (approx)