117 Park Road, Yeronga, QLD, 4104 - BlockOfUnits Sold on 23 07 2014

SoldJul 23, 2014

117 Park Road, Yeronga, QLD, 4104

$1,200,000

400 m²

911 m²

BlockOfUnits

•

30+ days on the market

Sold: Jul 23, 2014

What's around 117 Park Road

Another property SOLD by Matthew Griffiths!

Fully registered and accredited for 40 people with 21 rooms this astute investment has a projected gross rental return of $212,000 per annum. With significant future development potential the boarding house is on 911m2 corner block (2lots) of LMR zoned land and is not in a Demolition Control Precinct. The land has a Council site value of $790,000 and is not subject to flooding. - Less than 6km from the CBD, Very short walk for tenants to bus transport and two train stations, moments from shopping complexes - Well run, clean premises with long term clientele - Large, functional boarding house approximately 400m2 under roof - Comprising 7 single rooms, 12 double rooms and 2 dorms, 2 kitchens, a kitchenette, 2 laundries, 6 toilets, 4 showers, 2 internal living areas and 3 external common areas - 5kw solar power system, New roof - Being sold fully furnished, List of inventory can be provided - Build units on site in future, Exceptional holding income, Possible city views