10 RENTALS IN BRISBANE | DA APPROVAL FOR ADDITIONAL 8 STUDIOS

$115,000/yr* FULLY OCCUPIED INCOME | INCREASE TO $239,000/yr* WITH DA APPROVED DWELLING King Property Specialists presents this outstanding Investment and Development opportunity. This Accommodation Facility is situated in the heart of Brisbane. The property is in excellent condition and comes fully furnished at purchase. The building is a fully approved 10 bedroom accommodation facility. It consists of 5 Ensuited rooms, 4 Standard rooms and a Loft Unit. There is an ample amount of off-street parking. With plenty of Kitchen, Living and Outdoor space to keep your tenants happy. The Loft Unit is a separate space which includes its own kitchenette, bathroom and living area. Fully Occupied Rental Income will achieve over $115,000/yr*. DEVELOPMENT APPROVAL The site has an existing Development Approval (2020) to build a 3 Storey Rear Dwelling which will house an additional 8 Ensuited Rooms, Kitchen and Common Living Space. At an average rental of $300/room, this building will increase the properties gross income by an additional $124,000/yr* PROPERTY FEATURES - Renovated & Fully Furnished - Perfect for Students, Single working professionals or Couples - 10 Current Rental Incomes - $115,000/yr* Gross Income - Development Approved additional 8 Room Dwelling - Increase Income to $239,000/yr* - 5 Car off street parking - Close to Public Transport & Shops LOCATION FEATURES 1kms | BRISBANE CBD 150m | Suncorp Stadium 250m | The Barracks Shopping Mall 600m | Milton Train Station 700m | Queensland Cultural Centre 750m | Roma St Train Station 1kms | South Bank 1kms | Roma St Parkland 1.5kms | Brisbane Boys Grammar 1.5kms | Brisbane Girls Grammar 1.7kms | Tafe Queensland Campus 1.8kms | The Wesley Hospital 2kms | Queensland University of Technology *Income based on fully occupied dwelling (Subject to Council Approval) Please contact Adam for more information and to express your interest. Note: This property does have a heritage listing. Please contact agent to discuss. 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.