$2,499,000
126 Warren Street, Fortitude Valley QLD 4006
Apartment
2242
Block size: 393 m² approx.
High Yield Student Accommodation Investment
Like a rare gemstone, here is a high yield investment opportunity with earnings just like a super fund and better than bank interest.
Located in a convenient, but high demand rental area this property is within easy reach to the City, Fortitude Valley Train station, Buses, local Cafés or Restaurants and an abundance of private colleges which is what makes an attractive housing choice for the international student market.
This dorm style building, a Qld'er by nature has been freshly painted inside, renovated with modern facilities, totally clean throughout with modern furnishings or equipment and fully tenanted with gross earnings of almost $256,000 annually. There are 23 rentable rooms in total, 4 bathrooms, 8 toilets, also with 1 communal sitting/ dining plus kitchen area which makes this property, a low risk, easy to manage investment suitable for an established experience operator looking to add to their portfolio or would also be ideal for a semi-retired husband and wife team, who want to add to their annual income.
The Brief
-Qld'er style Budget building /Currently student accommodation facility
-High yield investment - $255,800 gross per annum
-Fabulous Net operating performance of $150,000+
-With BCC and full QFES fire safety compliance
-405m2 lot, Zoned CR1 - Spring Hill/ NPP Mix Use Precinct
-Superb location with and easy walk to CBD, Shops, Colleges & Transport
Rarely do the good ones become available and with rental demand of this type of accommodation at an all time high, what are you waiting for invest now and collect a great return.
For an Information kit or to arrange an inspection Call or email today.
Disclaimer: Whilst every care has been taken, AGENTM property will not be held liable for any errors, discrepancies or incorrect data supplied in this advertisment of information manual. All interested parties should rely on their own inquiries or investigation.
Features include: Built in wardrobes,Separate Laundry,Study,Furnished
Located in a convenient, but high demand rental area this property is within easy reach to the City, Fortitude Valley Train station, Buses, local Cafés or Restaurants and an abundance of private colleges which is what makes an attractive housing choice for the international student market.
This dorm style building, a Qld'er by nature has been freshly painted inside, renovated with modern facilities, totally clean throughout with modern furnishings or equipment and fully tenanted with gross earnings of almost $256,000 annually. There are 23 rentable rooms in total, 4 bathrooms, 8 toilets, also with 1 communal sitting/ dining plus kitchen area which makes this property, a low risk, easy to manage investment suitable for an established experience operator looking to add to their portfolio or would also be ideal for a semi-retired husband and wife team, who want to add to their annual income.
The Brief
-Qld'er style Budget building /Currently student accommodation facility
-High yield investment - $255,800 gross per annum
-Fabulous Net operating performance of $150,000+
-With BCC and full QFES fire safety compliance
-405m2 lot, Zoned CR1 - Spring Hill/ NPP Mix Use Precinct
-Superb location with and easy walk to CBD, Shops, Colleges & Transport
Rarely do the good ones become available and with rental demand of this type of accommodation at an all time high, what are you waiting for invest now and collect a great return.
For an Information kit or to arrange an inspection Call or email today.
Disclaimer: Whilst every care has been taken, AGENTM property will not be held liable for any errors, discrepancies or incorrect data supplied in this advertisment of information manual. All interested parties should rely on their own inquiries or investigation.
Features include: Built in wardrobes,Separate Laundry,Study,Furnished
Inspections
No open inspections scheduled.
Send an enquiry
Contact Michael Mangelakis to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
22
Bathrooms:
4
Garage Spaces:
2
Property type:
Apartment
Block Size:
393 m²*
Other Details
Lot:
4
Plan Type:
RP
Plan:
9835
Legal description:
4/RP9835
Maps and area information
Block information
Block size: 393m² (approx)
Legal description: 4/RP9835
Measurements are estimates only and based on data provided under licence from
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Property history
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SummaryMedian sales
Average Age
31 years
Population
9,708
Listing ID: 182310973. This listing has been viewed 8 times. It was first displayed on 19/02/2024 and last updated on 02/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.