Presented to the market for the first time is this exceptionally high yielding Class 1B Banyo Rooming Complex.
Achieving a phenomenal $124k gross yearly rental income. This complex is comprised of 1 extra-large executive studio on the ground floor plus 4 open-plan studio units upstairs.
3 out of the 5 tenancies have been long standing tenants of 6+ years, a rarity with this sort of property composition.
The 4 upstairs studio units are fully furnished and feature their own private kitchenettes, bathrooms, open plan living areas / bedrooms + great sized built-in wardrobes. The ground floor oversized studio is also fully equipped with tasteful furniture, dual built-in wardrobes, spacious living/dining, private kitchenette, bathroom and an expansive private grassed backyard.
The ground floor also comprises a fully-functioning kitchen and shared laundry space with 2 washing machines, for tenant convenience.
This is a highly sought after highset rooming complex with the added benefit of 2 lock up garages.
Positioned on a 405sqm allotment in a nice, quiet street. Conveniently located just minutes to Banyo shopping centre, train station and easy access to major arterial roads on the Northside.
Act now to secure this excellent investment opportunity as rooming complexes of this calibre do not come to market too often!
By private appointment only, contact Hero - 0439 673 884
