25-27 Pioneer Street, Manoora QLD 4870

25-27 Pioneer Street is a fully functioning registered boarding house producing a great return-on-investment of close to 12% Gross. 100% compliant with no "if or buts" - all approvals in place! The masonry block building contains 12 rooms (11 tenant + 1 manager’s quarters), large kitchen, TV room, 6 toilets and bathrooms (4 of each are communal). In the centre is a wonderful covered breezeway which helps keep the entire property cool. The property comes with a fully self-contained manager’s quarters with its own kitchen, bedroom and en suite bathroom. With an on-site manager currently running the boarding house for the owners, this allows the owners the flexibility to live interstate or overseas. The sale will be a “walk in walk out deal” with current owner happy if necessary, to stay on for a 2 week grass period to show the new owner(s) or new onsite manager the relevant protocols and procedures etc. The new solar power system is a huge saving which has brought the power bill down from $1,200 per month to approximately $100 which allows for care-free air-conditioned comfort all year long for the residents. If further opportunity is what you are looking for, there is an expired DA for another 30 1-bedroom tenant rooms to be built adjacent to the existing dwelling. It is easy to renew the DA. The whole property sits on an impressive 1,600m², of prime land located just 10 minutes from the CBD. Facilities that are near by walking distance and convenient for existing tenants Include medical centre, takeaway food, supermarket, shops, gym, post office … Also this is a double block so there is a possibility for subdivision. Investments like this sell quickly so enquire now to arrange for your private inspection or request an information pack. All enquiries will be kept private and confidential.