10b Percy Street, Zillmere, QLD, 4034

For Sale

10b Percy Street, Zillmere, QLD, 4034

236 m²

311 m²

BlockOfUnits

•

5 days on the market

Inspection times

Inspections are by appointment only.

What's around 10b Percy Street

Brand New Rooming House | 7.3% Yield | $116,740 p.a. | Sold Complete

A brand-new, purpose-built rooming house in the Brisbane City LGA with five self-contained studios on a single title, offered complete and turnkey. This is a finished, ready-to-lease investment, not an off-the-plan or part-built sale: you're buying a completed rooming house set up to deliver high income from day one, backed by the full depreciation advantages of brand-new construction. Add a tightly-held, high-demand Brisbane rental pocket and a quality build, and you have a rare opportunity for an investor chasing strong, dependable returns. Each of the five studios is a private micro apartment with its own bedroom, living area, kitchenette and ensuite bathroom, plus a shared fully-equipped kitchen and laundry - a configuration tenants want and the format that keeps these properties fully occupied. The projected gross income of $116,740 p.a. a ~7.3% yield at the 'offers over' price is a conservative figure. Other agents have successfully leased identical rooms nearby in July 2026 for higher amounts, and appraisals reflecting this are available on request. All income figures and appraisals are based on a furnished letting. However, the property may be sold furnished or unfurnished, with a fully inclusive furniture package available and negotiable as part of the price so you can take it either way to suit your strategy. Worth considering: unfurnished rooming houses can attract broader rental demand and tend to secure longer-term tenants, and, we're advised, typically let at only $20 less per room per week. PREMIUM INCLUSIONS 13.3 kW solar system, cutting running costs Reverse-cycle split-system air-conditioning to every studio Kitchenettes fitted with quality appliances Security screens and block-out blinds to all windows and doors High-density acoustic wall insulation between studios Two ceiling fans per studio, digital door locks, LED lighting throughout Tiled shower niches, vanity units, quality tapware Two car spaces, concrete driveway, landscaping and fencing full turnkey LOCATION (Brisbane City Council area) Bus stop within ~160 m (Route 327), and the CityXpress 325 direct to the Brisbane CBD approx. 300 m away Zillmere train station ~1.4 km Taigum Square (Woolworths, Coles & specialty shops) ~1 km Westfield Chermside one of Australia's largest shopping centres ~3.4 km Prince Charles & St Vincent's Hospitals ~4 km Brisbane CBD ~16.8 km WHAT IS A ROOMING HOUSE AND WHY BRISBANE? Rooming houses are a newer but fast-growing rental format in Brisbane, currently making up only a small share of the city's rental market. Each typically contains five individually-leased, self-contained micro-apartments bedroom, living, kitchenette and bathroom with utilities included for tenant convenience. Occupants are generally young professionals and mature singles seeking affordable, self-contained living close to transport and services. Completed rooming houses rarely come to market: limited affordable land and strong, resilient cash flow mean most owners hold them long term. With tighter approval and construction requirements anticipated for new rooming accommodation, the flow of new stock is expected to slow just as tenant demand keeps climbing. Investors who secure an established, income-producing rooming house now are positioned to benefit from a larger, more concentrated tenant pool as supply tightens and the window to enter before competition intensifies is narrowing. THE ESSENTIALS Sold complete a finished, turnkey rooming house on a single title (single-part contract, no construction period) Brand-new construction full depreciation benefits Offers Over $1,590,000 ---------- Disclaimer: The main image is an artist's impression, created by digitally merging a street-view photograph of the site with a computer-generated render of the dwelling. It is indicative only and does not depict the completed property as built. Images, finishes, colours, cladding, fittings, fixtures, appliances, furnishings, landscaping, fencing, driveways, paving and surrounding improvements may differ from those shown. All financial figures including rental estimates, outgoings, yields and projections are estimates based on stated assumptions and are not guaranteed. The property is not yet tenanted; rental figures are estimates and projections, not achieved rents. Prospective purchasers must make their own enquiries and obtain their own independent legal, financial, taxation and valuation advice.