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55 Elliott Road, BANYO QLD 4014

Premium location Rooming house

Hugo Alexander is pleased to offer this rare freestanding rooming house in the highly sought after location of Banyo. Positive cash flow assets with 100% occupancy are typically tightly held assets.

This Brand new low set brick home sits on a 405sqm lot and has courtyards front and back with fully concreted walk ways for side access to all rooms. There is no garden maintenance required here. The property also features a huge 15KW solar system is fully furnished and is leased for $2000 per week with the tenants paying all the outgoings.
Zoning is low density residential.
Building area 201.35sqm net lettable area.
Lot 98 on RP 34623.
Title reference 512 625 06.
Out goings approximately $16,737 per annum.
Net income approximately $87,763 per annum.

Certified in 23/10/2023 Building approval 000 30695.
The property is exempt from flood or overland flow and is a few hundred meters from the Banyo Golf club and a large community park.

Sold $1,290,000


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