Hugo Alexander is pleased to present this exceptional investment opportunity in Ellen Grove, Brisbane.
This brand new rooming house will be delivered fully finished.
Purpose built to achieve strong rental income, this Rooming House is uniquely designed in a quiet cul de sac in the western suburb of Ellen Grove. This is a brand new investment property on 400m2 lot. Priced to sell, the property comes with a full furniture package and battery solar system. It is a timber frame home with 5 courtyards and concrete driveway parking for tenants, deep eaves and a lovely gable colorbond roof. Each room will be separately fenced.
Positive cash flow assets with 100% occupancy are typically tightly held assets. Savvy investors will find incredible value in this acquisition.
Ellen Grove offers a peaceful suburban environment with essential conveniences within walking distance, particularly public transport and a small local shopping centre. For broader amenities—larger shopping centres, schools, or eateries—Forest Lake is just a short drive away. If you'd like help locating childcare, medical centres, and more recreational spots nearby.
Rental Income
$2000 to per week. $104,000 p.a. fully leased
Leases from $400 - $425 per week per room.
This property features:
- 400m2 lot in quiet street
- 216m2 low-set build with high ceilings
- Class 1B certified rooming house
- Solar system with Battery
- 5 individual leases as per 1B certification
- Furniture and appliances included
- 5 larger courtyards
- 6 kitchens
- 3 car spaces
Location:
8 mins to Forest Lake
19 mins from Indooroopilly Westfield
15 mins from DFO Jindalee
10 mins to Redbank Central
22 mins to Westfield Mount Gravatt
Neighbouring suburbs:
Carole Park, Forest Lake, Richlands
Financing a rooming house:
Cash flow positive properties are much easier and more accessible today with competitive finance from a number of lenders such as Liberty, Mortgage Mart, Columbus Capital, Granite and are available through experienced finance brokers. We would be happy to refer you should you need.
Leverage cash or collateral in existing properties from 10 to 20% deposit. Call us for a no obligation introduction to a broker that can see if you qualify to buy a cash flow positive asset.
Don't miss out on this great investment opportunity.
