Ray White Commercial Milton is pleased to offer this rare freestanding building in the highly sought after location of Sunnybank. Positive cash flow Investments with 100% occupancy typically are tightly held assets. Do not miss out on this outstanding opportunity.
Set in a quiet safe street 14km from Brisbane CBD, with easy access to Sunnybank's renowned restaurants, shopping and beautiful parklands.
This contemporary luxury spec building is a solid high yield asset with longevity and a positive and sustainable impact on the community.
Method of Sale
Expression of interest closing 4PM Wednesday September 21, 2022
Please email for IM and property files.
The Property - Loft style Rooming House
Near new, extremely well presented Rooming Accommodation investment property in the popular location of Sunnybank.
320sqm double storey house, 5 bedrooms, 5 bathrooms, 5 kitchenettes, 1 kitchen, 1 laundry, large living space, large front garden, rear garden alcove, 5 car parking including double garage, single car port, 2 parking bays. Building recently built with Hampton style interior and modern exterior.
Open home inspections - please advise of attendance
Saturday 3rd September 9am - 9:40am
Saturday 10th September 9am - 9:40am
Saturday 17th September 9am - 9:40am
Total Rental Income
5 suites fully leased and professionally property managed.
$92,182.50 per annum gross
$18,766.96 outgoings per annum
$73,415.54 per annum net
Optimised Rental Income
Appraisal of rentals to be actioned upon renewal - Hugo Alexander
Lease evidence provided upon request
$114,950 per annum gross
$18,766.96 outgoings per annum
$96,183.04 per annum net
Site Area
580sqm allotment size,
Building area
320.57sqm over 2 levels
Investing in the Rental market
With Brisbane house medians at all time highs ($755,000 Brisbane, $1.078m Gold Coast, $1.094m Sunshine Coast), construction and renovation costs forecast to increase 9.6% over this financial year (source Corelogic, savings.com.au) and trade contractor and construction material availability uncertainty, large portions of the residential buyer market has shifted into the rental pool making investment stock highly attractive.
1B classification
Rooming Accommodation buildings are a popular rental niche where 5 single adults live in their own self contained suites. Each suite is fully furnished, fully serviced so tenants can pay one complete fee for rent plus all utilities and services and furniture. This convenience maximizes yield for the rental asset with outgoings covering maintenance of common areas and gardens. The offering to the tenants is that the building has superior utility and amenity, quality and privacy like a new apartment.
Information Memorandum
Please send through an email enquiry and we will automatically send back a draft contract and an IM with detailed property information, a tenancy schedule and annexure of outgoings invoices.
We will also provide access to architectural drawings, insurances, warranties and all remaining property documents for your due diligence
Offers
to be submitted on the provided EOI in the IM or on the draft contract by the due date of 4PM Wednesday September 21
by email or delivery to Ray White Commercial Milton
