Stellar returns - Rooming house

Welcome to 15 Norman Street, Deagon

We are pleased to offer this rare freestanding Rooming accommodation house in the highly sought after location of Deagon.
High yield assets like these rarely come to market. Come to the next open home and see why Rooming Houses like these are so popular.
With rental income approaching $100,000 per annum gross, this asset will be highly sought after.

Rooming houses consist of 5 separate suites and the house is approved and certified for 5 separate leases to individuals.
Single bedroom rentals are the fastest growing and highest performing residential niche.

This home is solid hardwood frame and weatherboard, attractive, and inviting being 250sqm of home under roof. The grounds sit on 405sqm standard block in the quiet tree lined streets of Deagon. With easy access to economic centres, retail centres, public transport, park lands, schools and sports grounds this location is ideal to attract consistent tenancy of a high calibre. Solidly built from hardwood timber frame on a concrete slab, this home will stand the test of time.

Durable and attractive finishes inside are brand new for a contemporary feel designed to optimise rental yield and tenant retention. Enjoy a lifetime of easy cash flow from this very solidly set up rooming house.

All 5 rooms professionally property managed.
To be leased prior to settlement.

Address:
– 15 Norman Street, Deagon

The Property:
– Extensively renovated, extremely well presented investment property in the popular location of Bracken Ridge.

Total Rental:
– conservatively $1,800 per week, $94,050 per annum approximately

Building Area:
– 405sqm land size
– Double storey house approx. 250sqm

For a copy of the Information Memorandum please make a web or email inquiry.
Open homes and private viewings.
Harry Imam, 0403 180 092, harry@hugoalexander.com.au