Hugo Alexander is proud to present an exceptional high-yield investment opportunity at 89 Saint Andrew Street, Kuraby. Purpose-built to maximise rental income and long-term capital growth, this newly constructed Class 1B Rooming House delivers outstanding cashflow performance from day one, underpinned by a premium build, thoughtful layout, and significant energy-efficiency upgrades including a 13.3kW three-phase solar system.
There are only three open homes scheduled before Christmas, beginning this Saturday 9:00am. Opportunities like this are tightly held and typically move fast, with comparable assets going under contract after just one or two inspections. Investors wanting to secure a cash-flowing, fully finished, low-maintenance asset before the end of the year are encouraged to attend.
First open home: Saturday 29th Nov 9:00am
Second open home: Saturday 6th Dec 9:00am
Third open home: Saturday 13th Dec 9:00am
Limited inspection opportunities available prior to Christmas.
Current gross income is exceptional and it is fully leased. All five rooms.
If fully leased exclusively on twelve-month terms, income is estimated at approximately $130,000 per annum.
Investors benefit from both flexibility and income diversification.
Positive-yielding assets of this calibre are increasingly rare in metro Brisbane. Rooming houses continue to show strong capital growth due to rising demand, limited supply, and attractive lending metrics. Leveraging equity into further acquisitions is a popular growth strategy with this asset class due to their unique combination of strong cashflow performance and long-term appreciation potential.
Key features
Steel frame, easy to maintain single storey construction
Near new; Balance of 6-year warranty remaining
Stone benchtops throughout all 6 kitchens
Communal laundry with 2 washing machines and stainless steel washing tub
Tiled bathrooms with vanities
5 bedrooms, 5 bathrooms, 6 kitchens
3 car parking spaces in driveway
5 courtyards (1 per suite)
Fully furnished with appliances included
Class 1B approved for 5 leases to fully employed adults
13.3kW solar system
Location – Kuraby
Kuraby is one of Brisbane South’s most tightly held middle-ring suburbs. Residents enjoy convenient access to major transport corridors, shopping centres, high-quality retail precincts, parks, schools, and public transport. The suburb produces consistently strong demand from both renters and owner-occupiers, with vacancy rates remaining extremely low. This positioning makes it well suited for rental performance and future capital growth (speculation).
Neighbouring suburbs
Underwood, Eight Mile Plains, Rochedale, Sunnybank Hills, Stretton.
First open home: Saturday 9:00am
Limited inspection opportunities available prior to Christmas.
