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20 Moffatt Street Ipswich QLD 4305

  • Hotel / Leisure
  • 1,082 m²
  • Expressions of Interest

Fully Leased Boarding House: Cash Flow Gold Mine

Colliers International are pleased to present 20 Moffatt Street, Ipswich to the market for sale via an Expression of Interest process closing Thursday 12 September 2019 at 4pm.

20 Moffatt Street is comprised of two tenanted and recently renovated boarding houses located in a quiet street a few minutes from Ipswich CBD. The houses are complimented by the range of amenity on its door step being only a short walk to the CBD, University of Southern Queensland, St Andrew's Ipswich Private Hospital and a wide range of employment and shopping precincts.

Ipswich is a major beneficiary of the significant Government and private investment that is driving employment growth in South East Queensland. The commitment of Rheinmetall to base their manufacturing site in Ipswich for the delivery of their Dept of Defence contract is just one more example of the attractiveness of the location for new era job creation.

The key benefits of owning this property include:
$83,500* annual net income from 12 private tenancies
2 separate buildings on 2 titles
1,082m²* land holding
Fully approved to operate as a boarding house along with an approved management plan
Potential to improve income performance via a DA to convert the front property into a 6 bedroom student accommodation dwelling
On site car spaces plus great on-street parking
Close to Ipswich CBD, University Campus, hospital, shopping and dining options
Walking distance to public transport (train and bus) options
Professionally managed
Strong potential for future redevelopment on this near CBD location
NBN connected - all internet services included in rent
Each room comes with a large built-in wardrobe, bed and mattress, desk, and chair

Please contact the exclusive agents to gain access to the due diligence material or to arrange an inspection.

*Approximate

EXPRESSION OF INTEREST

Closing date and time19/09/2019 12:00
Recipient namePhilip ODwyer
Delivery addressLevel 30, 111 Eagle Street, Brisbane City

Property Highlights

Property ID2015511293
Floor Area1,082 m²
Land Area1,082 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  8 Aug 2019
Map for 20 Moffatt Street Ipswich QLD 4305
Colliers International - Brisbane
Level 30 111 Eagle Street Brisbane City QLD 4000

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