Hugo Alexander is pleased to present this exceptional investment opportunity in Northside suburb of Bald Hills, Brisbane.
Purpose built to achieve strong rental income, this Rooming House is thoughtfully designed with a three phase 13KW solar system + Battery, and contemporary finishes, carpeted bedrooms, tiled bathrooms and hybrid flooring.
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.
Demo home - 60 Burralong Street, Deagon
private viewings available
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1973 Gympie Rd, Bald Hills - Rooming House
Sited on a flat 506m2 lot, This house is 5 bed, 5 bath, 5 kitchenettes, kitchen, laundry, dining room, 5 courtyards, car parking for 5 on site
Each room is beautifully presented; new, and spacious, with a separate living room, bedroom, kitchenette, ensuite and courtyard.
The communal area has a large kitchen, dining room and laundry.
Construction of the home is approximately 24 weeks with a 12 week lead in typically.
The home will be an approved and certified Class 1B property allowed to lease each suite (5) separately.
For more information please email harry@hugoalexander.com.au
Rooming House demand
50 tenants for each 1 bedroom tenancy
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 873
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
Fully leased for $2100 per week - $109,725 per annum
$420/week x 5 (52.25 week year)
Peak leasing $450/week/suite
- 506m2 lot in quiet street
- low-set build with high ceilings
- Class 1B certified rooming house
- Solar system with Battery
- 5 individual leases as per 1B certification
- Furniture optional $26k ( GST inclusive )
- 5 larger courtyards
- 6 kitchens
- 4 car spaces
- Approved class 1B for 5 leases to fully employed adults
- 5 car spaces
Location:
Bald Hills is 20km North of the Brisbane City centre in an elevated position. The area is characterised by highset brick and weatherboard homes with an increasing mix of new contemporary large family homes. Bald Hills has excellent road and rail and bus access to the city, Chermside Westfield, Airport, 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 no flood or character overlays here. The area is primed for exceptional capital growth.
25 mins to Brisbane CBD
20 mins to Brisbane Airport
11 mins to Chermside Westfield
3 mins to Coles
3 mins to Woolworths
850m to train station
40m to bus stop
Neighbouring suburbs:
Bracken Ridge, Strathpine, Aspley, and Chermside
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.
Contact Ravi Gayan on 0426 560 756 or ravi@hugoalexander.com.au
