15 Browning Street, SOUTH BRISBANE QLD 4101
Interest Over $1.9 Million
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- 9 Nov 2016
Net Yield 8-9% Approx.
• 26 room boarding house
• Excellent cash flow with high occupancy rate
• Below market rent - potential to increase with some improvement.
• One of few boarding houses left in West End / South Brisbane area
15 Browning Street presents a rare opportunity for an astute investor to acquire a prime, high income producing property in the rapidly changing South Brisbane.
The property is located in the inner city suburb of South Brisbane, approximately 700 metres south of the Brisbane CBD. Of all Brisbane suburbs, South Brisbane has seen the most amazing transformation over the last few years.
It is close to all means of public transports, and just a few minutes walk to cosmopolitan West End with trendy cafes, bars and restaurants.
South Brisbane is also close to the Southbank Parklands, one of Brisbane’s most popular destinations for locals and tourists.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
15 Browning Street SOUTH BRISBANE