Low Maintenance Residential Investment with Upside

• Configuration of 5 x room shared accommodation facility
• Gross Income of $1,590pw*/ $82,680 pa* with scope to increase
• Strong tenant profile with seller focus being quality of tenant over rent maximisation
• Current Building Approval in place to change Classification to Class 1B (Currently 1A) with minor upgrade works required
• Modern complex construction completed in 2024 with depreciation benefits available
• Walkable proximity to local schools, shopping centres, parks
• Close proximity to the Deception Bay Foreshore, walking path & boat ramp
• Low maintenance investment
• Easy access to both Brisbane & Sunshine Coast
• Significant growth location within Moreton Bay Regional Council area benefiting from outstanding existing infrastructure and proximity to key industrial employment precincts
• Strong demand for affordable residential accommodation with a vacancy rate of approx 2.4%*
• Included in the sale is all common use furniture and equipment such as dining table+chairs, fridge, microwave, washing machine

For further information, please contact the Ray White Marketing Agents.

*Approximately

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