Hugo Alexander is pleased to present this exceptional investment opportunity in Rocklea, Brisbane.
Purpose built to achieve strong rental income, this Rooming House is thoughtfully designed with a three phase 19.9KW solar system, and contemporary and hardwearing resilient finishes inside and on the exterior.
Positive cash flow assets with 100% occupancy are typically tightly held assets. Savvy investors will find incredible value in this acquisition.
This is a brand new build on its own titled lot on a quiet residential zoned lot.
73 Marshall Road, Rocklea - Rooming House
Each room is beautifully presented; new, and spacious. Like a contemporary 1 bedroom unit in a lovely quiet street location of marshall Road.
This property was not affected by 2011 or 2022 floods.
Rooming House demand
Brisbane population - 2,568,000
Single population - 1,093,970
Tenants per house - 5
Rooming Houses required to fill demand - 219,000
Rooming Houses completed - approximately 870
As an investor, this niche is the most highly sought by tenants and undersupplied. Owning a Rooming House means you are contributing to making Brisbane a more livable city, so tenants can enjoy dignified, comfortable and safe accommodation. Rooming Houses help accommodate single employed adults in their own tenancy. They move singles from share houses and open up rental homes for families.
Market rent
Leased for $2000 per week
$400 per room per week for 12 months (5 tenants, 5 leases)
Out goings are very low here
- Steel frame high set
- Brand new with 6 years warranty
- tiled bathrooms
- 5 car parks underneath
- quiet street location
- Class 1B certified rooming house
- 19.9kw solar system
- Energy efficient heat pump HWS
- Approved class 1B for 5 leases to fully employed adults
- Furniture and appliances included
Location:
Rocklea is 14km from the Brisbane City centre, 73 Marshall Street is in an elevated position near shops, transport and easy access to highways. The area is characterised by quaint low set weatherboard homes on flat land lots with an increasing mix of new contemporary large family homes. Rocklea and surrounding areas have 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 is a 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.
Finance:
Many lenders to choose from, 20% deposits and competitive interest rates.
Highly recommend an experienced broker as the purchase will require a commercial valuation.
Neighbouring suburbs:
Coopers Plains, Acacia Ridge, Yeronga, Archerfield,
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.
