Currently under construction and scheduled for completion in May, this brand new five-room rooming accommodation complex in Manly presents a rare opportunity to secure a purpose-built rooming accommodation asset with projected income of $124,800 per annum and zero body corporate.
Manly is structurally finite. With fewer than 2,000 residential properties compared to over 6,500 in neighbouring Wynnum, supply is permanently constrained. Assets of this nature are increasingly difficult to replicate within the suburb.
The timing further strengthens the investment case. Council infrastructure charges for rooming accommodation are in the process of being implemented, materially increasing future development costs and reinforcing the value of compliant assets secured ahead of these changes.
The approved design comprises five fully self-contained studios within a single apartment complex. Each studio includes its own ensuite, secure pin-code access, air conditioning, ceiling fan, dishwasher and dedicated Wi-Fi connection. A centrally positioned common living area and long-term cost control. All finishes are brand new and the property has never been occupied.
Located within metres of Manly Train Station, offering express access to the Brisbane CBD, the asset is further underpinned by Manly's broader infrastructure significance, including proximity to the southern hemisphere's largest marina.
This is not a lifestyle proposition. It is a clean, income-engineered acquisition in a suburb where land banking occurs by default.
Investment Summary:
• Brand new rooming accommodation, currently under construction
• Five-room apartment complex comprising five fully self-contained studios
• Private ensuites and secure pin-code access to each studio
• Air conditioning, ceiling fans, dishwasher and Wi-Fi connections
• Central shared living area
• Zero body corporate
• Projected rental appraisal of $124,800 per annum
• Three on-site car spaces
• Metres to rail, village and waterfront
Property Disclaimer:
In preparing this information, we have used our best endeavours to ensure the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements. Prospective purchasers should make their own enquiries to verify the information contained herein. All information provided by Tamara Hall Properties is supplied as a convenience to clients.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
