This brand-new, fully furnished two-storey Class 1B rooming house features five self-contained suites and is situated on a 352m² LMR3-zoned block. The property is fully tenanted, generating $109,200 in annual income with a 7.6% gross rental yield.
Each unit features its own split-system air conditioner and includes a bedroom, private ensuite, and living area with a kitchenette. The common area offers a full kitchen with oven, cooktop, and rangehood, along with a laundry area equipped with two washing machines.
The premium inclusions for this property are:
* 15kW three phase solar system
* High-quality furniture package
* Blinds to all windows
* Solid core internal doors & sound insulation on internal walls for additional soundproofing
The entire house is fully landscaped with premium quality furnishings. The property also offers great depreciation benefits.
Perfectly located with easy access to:
* Monier Village - Woolworths and other speciality shops (2.2km)
* Darra Train Station (1.0km)
* Ducie Street Park (130m)
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.
