Inner City Rooming house

Hugo Alexander is pleased to offer this rare freestanding rooming house in the highly sought after suburb of Salisbury. Positive cash flow assets with 100% occupancy are typically tightly held assets. Salisbury is 9km south of the Brisbane City with easy access to quality retail, sporting grounds, employment centres and public transport.
Do not miss out on this highly prized high yield asset.
Despite being so close the CBD, this property is below the land tax threshold too.
All outgoings, compliance files, tax depreciation and a P&L are available for review.

This High set rooming home sits on a 478sqm lot and has two lock up garages for tenants. The property features a huge 6.6KW solar system is fully furnished and is fully leased. Each room has its own spacious courtyard or balcony, kitchenette, bedroom and living room, ensuite and large wardrobe. All rooms are furnished stylishly to contribute to the highest rent achievable.

Location:
8km from CBD
600m from Salisbury train station
800m from QE2 hospital
1000m from QUT Nathan Campus
800m from bus stops
Easy access to Sunnybank, Westfield Mt Gravatt, highways

Property information:
Zoning is low density residential.
Building area 212sqm net lettable area.
5 bed, 5 bath, 6 kitchen, 5 courtyard, 2 car parks
6.6KW solar, furnished
Brand new rooming house
Lot 2 on SP 290 062.

Rental income:
Currently updating leases to market rates – $430 per room x 4 and $450 for large suite, $20 per garage

The property is fully insured, certified, marketed for lease now and a top shelf cash flow property.
Tax depreciation is the highest in the residential niche.

Don’t miss out on this great investment opportunity. We are holding open homes for prospective buyers.

Contact Harry Imam 0403 180 092, harry@hugoalexander.com.au for further information