69 Lewis Street, Woolloongabba QLD 4102
Great Potential in Woolloongabba
Situated in Woolloongabba, this 8 bedroom property is currently being rented as boarding accommodation. The ideal location only moments from Buranda Station, The Gabba and all the conveniences of Inner City living makes this a great investment for the savvy buyer.
There are currently 8 tenants, each paying $170 per room, per week which returns approximately $70,000 per year. The property is approved for 16 occupants, which gives you scope to increase the rental yield.
The owner currently charges an extra $9/person/month for gas and hot water and each room is individually metered for electricity and charges the tenants for all electricity. Registered with the Government as boarding accommodation, and the owner has regular fire inspections, as per the regulation.
Don’t miss this opportunity to purchase this property and create a high yielding investment in sought after Woolloongabba, contact Justin Hagen for more information.
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