PRIME INVESTMENT OPPORTUNITY IN BLUE CHIP LOCATION
â¢ 25 rooms plus managers officeâ¢ Gross Income- $235,000 approx. â¢ New updated kitchen facilitiesâ¢ Current management arrangements are geared to enable minimal owner inputâ¢ Private Courtyard in landscaped garden surroundsâ¢ Recently reroofed / Solar Panelsâ¢ High occupancyâ¢ Premiere New Farm locationA rare and exciting opportunity exists to purchase a well maintained residential accommodation facility in a prized New Farm position. Currently 100% occupied and reaping strong rental returns there is still scope for the investor to enhance and add further value.An irreplaceable investment that will enjoy a high cash flow and occupancy. New Farm is located approximately 2kms east of the CBD and borders the suburbs of Teneriffe and Fortitude Valley. It is one of Brisbane's most popular and affluent suburbs and features an eclectic mix of character properties and new residential unit developments. It is well serviced by amenities, retail and public transport.Please call Geoff Esdale for further information and to schedule your inspection.