Combining traditional character with a flexible dual-level configuration, this renovated inner-city cottage presents an outstanding opportunity for owner-occupiers and investors alike.
With the potential to generate approximately $80,000 per annum, the property presents an outstanding income-producing opportunity in one of Brisbane's most convenient inner-city locations.
The home is configured for rooming accommodation across two levels, providing flexibility to lease individual rooms or separate areas of the property. Owner-occupiers may choose to live upstairs while generating income from the fully self-contained accommodation downstairs.
Investors can take advantage of the strong demand for student accommodation and inner-city rentals, with multiple leasing options and excellent access to Kelvin Grove, the CBD, public transport and surrounding education facilities.
Property Highlights
• Non Strata Titled with no body corporate fees
• Renovated character cottage
• Potential rental income of approximately $80,000 per annum
• Flexible rooming accommodation configuration
• Five bedrooms across two levels
• Fully self-contained accommodation downstairs
• Multiple living and communal areas
• Character features throughout
• Low-maintenance inner-city property
• Located within the Kelvin Grove State College catchment
• Walking distance to cafe's, shops and public transport
• Convenient access to the CBD, QUT Kelvin Grove and leading private schools
• Ideal for investors, student accommodation providers or owner-occupiers seeking additional income
Currently Fully leased with fixed term agreements
Room 1- $320/wk
Room 2 - $320/wk
Room 3 - $310/wk
Room 4 - $280/wk
Room 5 - $295/wkl
Offering character, flexibility and considerable earning potential, this is a rare inner-city opportunity with multiple options for living, leasing and investing.
Auction 30th September
Ray White Paddington In Room Auctions
157 Given Terrace, Paddington
* Where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes.
* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only
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