High spec solid Brick Rooming House
Hugo Alexander is pleased to present this exceptional investment opportunity in Acacia Ridge, Brisbane.
Purpose built to achieve strong rental income, this Rooming House is thoughtfully designed with a timeless and energy efficient brick facade and contemporary finishes such as caesar stone bench tops.
Positive cash flow assets with 100% occupancy are typically tightly held assets. Savvy investors will find incredible value in this acquisition.
This is a silkwood brick rooming home built in 2023 on a quiet 400m2 residential zoned lot.
Market rent
Currently $1900/week x 52.25 weeks is approximately $100,000pa
Potential rent can increase by approximately $100 extra per week April 2025 when renewals can be increased.
$390 per room x5 plus $20 x 3 car bays per week
– Solid Brick construction
– 1 year old with 5 years warranty in tact
– stone bench tops throughout 6 kitchens and laundry
– tiled front and rear porches
– decorative concrete driveway
– large 400m2 flat land
– 5 courtyards
– larger 247m2 build
– quiet street location
– Class 1B certified rooming house
– 6.6kw solar system
– 5 leases to fully employed adults
– Furniture and appliances included
– 3 car spaces
1 bed room rental in Acacia Ridge:
Acacia Ridge is the ideal space for investment property.
This quarter 29 one bedroom leases were advertised and filled with an average lease of $395 per week and a peak of $500 per week.
New rooming houses are leasing at $410 per week average in the area. Older smaller rooming house rooms are closer to $390 per week.
Occupancy is between 96% to 100% for this niche. Based on valuations analytics of recent sales this quarter.
Location:
Acacia Ridge is 15km from the Brisbane City centre in an elevated position. The area is characterised by quaint low set brick and weatherboard homes on flat land lots with an increasing mix of new contemporary large family homes. Acacia Ridge has excellent road and rail and bus access to the city, high ways, big box retail, shopping centres, restaurants, cafes, takeaway food and sports grounds. The largest retail franchises Woolworths, Coles, Aldi are close by in 3 large shopping villages and there is an abundant offering of international cuisine making the area a very vibrant and engaging community. There are no flood or character overlays in Acacia Ridge with the strong offering of commercial retail strip and industrial employment areas neighbouring in Sunnybank, Archerfield, Mount Gravatt and Salisbury. The area is primed for exceptional capital growth.
Neighbouring suburbs:
Coopers Plains, Sunnybank, Archerfield, Sunnybank Hills and Willawong
This property is located on a quiet street and close to a number of shopping and food precincts.
Don’t miss out on this great investment opportunity.
Contact Harry Imam on 0403 180 092 or harry@hugoalexander.com.au for further information.
