This accommodation complex is a one-of-a-kind investment opportunity, specifically designed to rent out by the room with complete client security.
- 9 bedrooms each with individual deadlocks and security window screens, and include a double bunk, wardrobe, bar fridge, drawer desk unit and a ceiling fan.
- Separate men’s and ladies bathroom and toilet facilities.
- Common living areas including dining room, relaxation room, industrial kitchen and laundry
- There is an industrial stainless steel kitchen with gas hotplates and stainless steel laundry benches and trough and connections for 2 washing machines.
- Ample off street parking for vehicles, plus garden and outside open entertaining area.
- Located just a short walk to the Southside Shopping Village, doctor’s surgery, and primary and secondary schools.
Previously rented at $110 per room, this property has potential for over $50,000 per annum and over 10% return on investment!
|R&H Suburb Summary||Houses|
|Number of sales||402|
|Median Rental Price||$300 p.w.|
|Change in Rental Rate (5yr)||20 %|
|R&H Suburb Summary||Units|
|Number of sales||27|
|Median Rental Price||$220 p.w.|
|Change in Rental Rate (5yr)||10 %|