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URGENT SALE NEEDED
The owners instructions are clear and needs to sell the property, all offers will be presented so don't delay, this will be the buy of the year!
Sitting on approximately 480m2 of land area 8 Sweetman Street represents an opportunity to secure a fully tenanted 11 bedroom, 4 bathroom property bringing in $1,960.00 per week!
With three levels, this solid brick property in Paddington offers multiple occupancy. All rooms of a good size, all furnished with a bed, wardrobe or built in, desk and chair.
Due to the location of the property and its proximity to Queensland University of Technology, it attracts local and international student tenants ensuring a recurring and consistent return. With the Change of use approved by BCC to rooming accommodation, you have an opportunity to improve rental return for not a lot of outlay. With some simple upgrades you could take advantage of the central location to Suncorp stadium, the NEW Brisbane Live precinct and the vibrant hub of Caxton Street and the Barracks to name a few.
With annual gross revenue of $101,920.00 this represents an opportunity you will be thankful for in years to come. You can simply landbank the property knowing you have excellent returns while you watch your asset grow.
Inspection is a must to see what a genuine opportunity this represents in today's market.
Notable points -
• 10 furnished bedrooms + 1 partly furnished granny flat with kitchen and bathroom .
• 2 central bathrooms plus 1 room with ensuite
• 2 communal kitchens + 3rd Kitchen on lowest level
• Large dining room on top floor opening to patio with views to city, Suncorp and iconic
Milton Brewery
• Walk to Caxton Street entertainment precinct
• Walk to the Barracks with cinemas, supermarket and an abundance of restaurants to
choose from
• Walk to transit centre, home of the recently-revealed Brisbane Live Development
• Easily access the inner-city bypass to head north or south
• Easy walk to the Milton train station, inner Northern Busway or the CBD
• Council approved for change of use to rooming accommodation
• Walk to Kelvin Grove QUT
• Being sold as a full turn key business with furniture and tenancies
• Current gross annual rental income of approximately $101,920.00
Call or email Darren Cosgrove for approved plans, operating expenses and how you can secure this investment for your future.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
27 Logan Road, Woolloongabba QLD 4102
Call Darren Cosgrove on
0468641246
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