ANOTHER SOLD BY STEVE LANDETA!

A high yielding investment with council approved accreditation, located only minutes to the city at less than 3.8km radius. Surrounded by an abundance of amenities, essential services, and public transport options, this asset class is exceptionally well positioned to maintain long term tenant appeal, ensuring consistently high occupancy rates the inner city is renowned for.

The current Level 1 approval can provide accommodation for up to 19 occupants, configured across 13 rooms. While under the current management each room is leased individually to 13 single term tenants all on fixed 12-month tenancies. This operational model delivers the current owner approximately $173,680.00 per annum in (gross) carefree income increasing to $177,320.00 per annum by March.

For investors seeking further upside, yield can be increased by utilizing the full 19 tenant capacity with a more hands-on management approach. While the existing single room model prioritizes simplicity, providing a future owner with a straightforward opportunity to boost returns over time as the inner-city rental markets increase.

Enjoy unmatched convenience with frequent bus and train services almost at your doorstep, ensuring a stress-free commute for all tenants. Surrounded by vibrant shopping precincts, fast-food outlets, boutique cafés, and quality restaurants, the location also places you just minutes from the RBH and other major public health facilities.

For a copy of the financials and a summary of the current outgoings, please contact Steve Landeta

ACCREDITATION - Accreditation as a Residential Service Level 1

GROSS INCOME - Currently returning, $3,340.00 per week / $173,680.00 p/a (Increasing to $3,410.00 Per week / $177,320.00 per annum March 2026)

PROPERTY SUMMARY - 13x Furnished bedrooms, 1x Dining Room, 1x Main Kitchen, 1x Kitchenette, 4x toilets, 4x Showers.

LAND - 728m2 LMR (2 or 3 Story) Wide Street frontage

INCLUDED CHATTLES - 13 furnished bedrooms, (Bed, Fridge, side dresser), Kitchen equipment, washing machines.

Disclaimer:
While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.

Explore the area

School catchments

St Columba's Primary School Primary Prep-6 Catholic 0.84km
Windsor State School Primary Prep-6 Government 0.90km
St Mary of the Cross School Primary Prep-6 Catholic 1.0km
Wilston State School Primary Prep-6 Government 1.1km
St Ambrose's Primary School Primary Prep-6 Catholic 1.8km
Newmarket State School Primary Prep-6 Government 1.9km
Kelvin Grove State College Combined Prep-12 Government 1.9km
Queensland Academy for Creative Industries Secondary 10-12 Government 2.1km
Holy Cross School Primary Prep-6 Catholic 2.1km
Humanitas High School - Initial Campus Secondary Independent 2.3km
Fortitude Valley State Secondary College Secondary 7-12 Government 2.3km
Compass Independent School Combined Prep-7 Independent 2.4km
St Joseph's College Combined 5-12 Catholic 2.4km
Humanitas High School Secondary 7-11 Independent 2.4km
Angelorum College Combined Prep-10 Independent 2.4km
Wooloowin State School Primary Prep-6 Government 2.5km
St Joseph's College - Waterford Place Campus Combined Catholic 2.5km
Brisbane Central State School Primary Prep-6 Government 2.6km
Brisbane Girls Grammar School Secondary 7-12 Independent 2.6km
Brisbane Girls Grammar School - Primary Campus Primary Independent 2.7km
IES College Secondary 12 Independent 2.7km
St Margaret's Anglican Girls School Combined Prep-12 Independent 2.8km
Brisbane Grammar School Combined 5-12 Independent 2.8km
Kedron State High School Secondary 7-12 Government 2.8km
The Industry School - Brisbane Secondary 10-12 Independent 3.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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