A high yielding investment with council approved accreditation, located only minutes to the city at less than 3.8km radius. Surrounded by an abundance of amenities, essential services, and public transport options, this asset class is exceptionally well positioned to maintain long term tenant appeal, ensuring consistently high occupancy rates the inner city is renowned for.
The current Level 1 approval can provide accommodation for up to 19 occupants, configured across 13 rooms. While under the current management each room is leased individually to 13 single term tenants all on fixed 12-month tenancies. This operational model delivers the current owner approximately $173,680.00 per annum in (gross) carefree income increasing to $177,320.00 per annum by March.
For investors seeking further upside, yield can be increased by utilizing the full 19 tenant capacity with a more hands-on management approach. While the existing single room model prioritizes simplicity, providing a future owner with a straightforward opportunity to boost returns over time as the inner-city rental markets increase.
Enjoy unmatched convenience with frequent bus and train services almost at your doorstep, ensuring a stress-free commute for all tenants. Surrounded by vibrant shopping precincts, fast-food outlets, boutique cafés, and quality restaurants, the location also places you just minutes from the RBH and other major public health facilities.
For a copy of the financials and a summary of the current outgoings, please contact Steve Landeta
ACCREDITATION - Accreditation as a Residential Service Level 1
GROSS INCOME - Currently returning, $3,340.00 per week / $173,680.00 p/a (Increasing to $3,410.00 Per week / $177,320.00 per annum March 2026)
PROPERTY SUMMARY - 13x Furnished bedrooms, 1x Dining Room, 1x Main Kitchen, 1x Kitchenette, 4x toilets, 4x Showers.
LAND - 728m2 LMR (2 or 3 Story) Wide Street frontage
INCLUDED CHATTLES - 13 furnished bedrooms, (Bed, Fridge, side dresser), Kitchen equipment, washing machines.
Disclaimer:
While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.
