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12 Vulture St West End QLD 4101

  • Hotel, Motel, Pub & Leisure
  • 479 m²
  • For Sale, Offers Over $3.5m

CURRENT $272,740/yr GROSS RETURN + DEV POTENTIAL

    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.

    Adam Holmes-Barry
    @Realty
    Adam Holmes-Barry
    @Realty

    Property Highlights

    Floor Area479 m²
    Land Area645 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2017496119
    Category
    Last updated  9 Mar 2022
    Map for 12 Vulture St West End QLD 4101
    Adam Holmes-Barry
    @Realty
    Adam Holmes-Barry
    @Realty

    Property Highlights

    Floor Area479 m²
    Land Area645 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2017496119
    Category
    Last updated  9 Mar 2022
    Australia Surfers Paradise QLD 4217
    Adam Holmes-Barry
    Adam Holmes-Barry
    @Realty
    Adam Holmes-Barry
    Adam Holmes-Barry
    @Realty

    Adam Holmes-Barry

    @Realty

    0437 *** ***
    0437 669 426

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