30 ROOMS IN WEST END - CAN BE STRATA TITLED (STCA)
King Property Specialists exclusively presents this outstanding Investment and Development opportunity.
This Accommodation Facility is situated in the wonderful suburb of West End. It is in immaculate condition, having been fully renovated in the last 12 months.
The 30 rental rooms return $272,740/yr gross income, with scope to increase the rents to achieve over $300,000/yr in 2022.
STRATA-TITLE
This property also has the unique ability to be strata-titled into 30 individual rooms that can be sold separately. Through past applications, this property was built with the option to easily strata-title. Subject to Council Approval.
INVESTMENT FEATURES
- Recently renovated, now in excellent condition!
- 30 Rental Rooms
- 7 Bathrooms
- 3 Ensuites
- 3 Car off street parking
- Current 100% Occupancy Rate
- Over $270,000/yr gross returns
- Scope to increase rents in 2022
- Minimal expenses
- Manage Yourself or Have it Managed
DEVELOPMENT POTENTIAL
- 645m2 of Land in WEST END
- Ability to be Strata Titled into 30 Individual Dwellings
- Add a 30th room with ease
LOCATION LOCATION LOCATION
West End has had a 21.95% capital gain over the past 12 months. With 13.64% being the 5-year average.
The suburb has seen extensive development in both the residential and amenities sector. It is situated only 2kms to Brisbane CBD and is surrounded by a bustling street precinct, river walks, parks, gardens and award winning restaurants.
FUTURE DEVELOPMENT
This site represents an excellent opportunity to secure a property within walking distance to so many fantastic new Brisbane City Developments.
2 Minutes Away Queensland Arts Theater - Already Australia's busiest theatre complex, QPAC is set to become the nation's largest with the Queensland Government announcing a new $150 million state of the art 1500-1700 seat theatre for Brisbane.
5 Minutes Away - NEW INNER CITY SOUTH STATE SECONDARY COLLEGE - This game-changing project is part of the Queensland Government's $800 million Building Future Schools Fund. State-of-the-art learning and innovative teaching hubs will form key elements of the new Inner City South State Secondary College in Dutton Park's knowledge precinct. The Brisbane Knowledge Corridor is an education, health, research and hospital precinct serviced by major public transport hubs including Brisbane's Cross River Rail and Brisbane Metro.
LOCATION FEATURES
2kms | BRISBANE CBD
100m | West End State School
150m | West End Markets
1.3kms | South Bank
1.5kms | TAFE QLD Campus
2kms | Queensland Childrens Hospital
2kms | Mater Hospital
2.1kms | St Laurence's College
2.5kms | Queensland University of Technology
3kms | The University of Queensland
3kms | The Gabba Stadium
*Income based on fully occupied dwelling
(Subject to Council Approval)
Please contact Adam for more information and to express your interest.
Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.
