22 RENTALS IN BRISBANE | $207,480/yr* FULLY OCCUPIED INCOME King Property Specialists presents this outstanding Investment opportunity. This Accommodation Facility is located on the main southern passageway to Brisbane, only 5kms from Brisbane CBD. The property is in excellent condition and comes fully furnished and passively managed at purchase. The building is a fully approved 22 room accommodation facility. There is an ample amount of off-street parking, or room for an additional development. With plenty of Kitchen, Living and Outdoor space to keep your tenants happy. Fully Occupied Rental Income will achieve over $207,480/yr*. The property is currently under management with licenced boarding house managers, as well as having the convince of an on-site caretaker and cleaner. DEVELOPMENT POTENTIAL The site is 604m2 in a Low-Med Density Zone. Similar zoned properties allow for townhouses, units or homes 2-3 stories. There is a large, concreted area at the rear of the property that could be utilised by adding an additional dwelling. Subject to Council Approval. PROPERTY FEATURES - Renovated & Fully Furnished - Perfect for Students, Single working professionals or Couples - 22 Rental Incomes - $207,480/yr* Fully Occupied Gross Income - Development Potential LMR2 Site - Increase Income for 2032 Olympics - 7 Car off street parking - On-Site Caretaker - On-Site Cleaner - Close to Public Transport & Shops LOCATION FEATURES 50m | City Bus Stop 900m | Fairfield Train Station 1.8kms | Princess Alexandra Hospital 2kms | Greenslopes Hospital 3kms | University of Queensland 3.5kms | The Gabba Stadium 3.5kms | Queensland Childrens Hospital 4.5kms | BRISBANE CBD *Income based on fully occupied dwelling STCA(Subject to Council Approval) Please contact Adam for more information and to express your interest. Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.