High-Quality Completed Rooming House | Fully Occupied | Returning $2,090 Per Week | $108,680 Per Annum
This fully furnished, five suite, single-storey rooming accommodation house is situated on a 405m2 with a yearly rental return of $108,680 at a 7.5% gross rental yield.
Each room is fitted with an individual split system A/C and comes complete with bedroom, ensuite and living space with kitchenette. The common area includes a full kitchen with oven, cooktop and rangehood and laundry facilities with 2 x washing machines.
The premium inclusions for this property are:
15.5kW three phase solar system with 19kW inverter
Kitchens with stone benchtops, undermount stainless steel sinks and soft close cabinetry
Blinds and security screens on all walls and windows
Solid core internal doors & sound insulation on internal walls for additional soundproofing
Perfect location for long term growth and tenant desirability:
Nearest bus stop is only a 1-minute walk away (160m)
Zillmere Station is a short 2-minute drive away (700m)
IGA and restaurants are only a short 2-minute drive away (600m)
What is a Rooming House and why Brisbane?
Rooming Houses are a relatively new, but increasingly popular concept in Brisbane. Around 3% of the rental market in Brisbane are Rooming Houses.
They can be found across many Brisbane suburbs and usually contain 5 micro apartments that can be leased out individually (single occupants only), generally on either 6 or 12 month leases.
The houses are generally custom built with each of the 5 suites containing its own living area, kitchenette, bathroom and bedroom. The suites are typically fully furnished and include all services (electricity, internet and water usage) in the rent. Typically, young professional or older separated people are the main occupants.
A number of rooming houses have been constructed over the last 5 years and their popularity is a result of their high yielding, low risk offering. Most rooming houses generate significantly more income than their outgoings resulting in around $20k - $35k of positive cash flow.
Finished Rooming Houses rarely hit the market, due to the shortage of affordable land in Brisbane, coupled with the fact that most investors retain them for the positive cash flow they generate.
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