- Accredited Boarding House consisting of 33 bedrooms; 25 singles and 8 doubles
- Currently earning a fixed income of $22,568 per month, this equates to a gross annual income of $270,816.

Rent has not been adjusted in 4 years, thus an increase to $26,807 per month is anticipated, rising to a colossal $325,260 per annum – an absolutely phenomenal 9.2% Gross Annual Return.

Land size is a significant 911m2

The site falls within the parameters of the Proposed South Brisbane Riverside Neighbourhood Plan, due to be passed by the end of 2010, amending the zoning to MP3 (3 Storeys; 1.25GFA).

West End general capital appreciation rate based on a ten year average: 13.2%

Genuine Enquiries Only

20 Bedrooms 8 Bathrooms Land Size: 911m2