Expressions Of Interest
307 Severin Street, Parramatta Park QLD 4870
House
1711
Block size: 602 m² approx.
Fully Approved Share House | Generating $180,000+ PA
Unlock the potential of exceptional cash flow with this versatile investment - spanning across 2 x two-storey buildings, this 17-bedroom share house is strategically designed to maximize liveability, ensuring strong room rates and high occupancy levels. Experience the lucrative world of property investment like never before.
Key Highlights:
Prime Location: Nestled on the outskirts of Cairns CBD, this property provides convenient access for prospective tenants to nearby businesses, universities, and the hospital. Perfectly positioned, it appeals to university students, hospitality workers, and hospital staff, ensuring broad tenant interest.
17 Bedrooms: Each building is thoughtfully designed to maximize occupancy and floor space, resulting in exceptional high rental yields.
Ample Amenities: Unique among share houses, this property offers amenities on all levels with the buildings boasting 11 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
Cash Flow Machine: With 17 rental rooms, this property generates upwards of $200,000 annually.
Strong Tenant Demand: The combination of location, amenities, flexible lease terms and affordable accommodation results in consistently high occupancy rates.
No Capital Expenditure Required: This property is fully operational and well-maintained. The front building (original structure) has been recently updated, including a new roof installation, ensuring no unexpected costs for the discerning buyer.
Parking: Ample kerbside parking space with an additional 2-bay garage with a large lean-to for additional high clearance storage.
This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region.
Get in touch with us today to receive a comprehensive information memorandum and seize this exceptional cash flow generator to safeguard your financial future!
Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Key Highlights:
Prime Location: Nestled on the outskirts of Cairns CBD, this property provides convenient access for prospective tenants to nearby businesses, universities, and the hospital. Perfectly positioned, it appeals to university students, hospitality workers, and hospital staff, ensuring broad tenant interest.
17 Bedrooms: Each building is thoughtfully designed to maximize occupancy and floor space, resulting in exceptional high rental yields.
Ample Amenities: Unique among share houses, this property offers amenities on all levels with the buildings boasting 11 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
Cash Flow Machine: With 17 rental rooms, this property generates upwards of $200,000 annually.
Strong Tenant Demand: The combination of location, amenities, flexible lease terms and affordable accommodation results in consistently high occupancy rates.
No Capital Expenditure Required: This property is fully operational and well-maintained. The front building (original structure) has been recently updated, including a new roof installation, ensuring no unexpected costs for the discerning buyer.
Parking: Ample kerbside parking space with an additional 2-bay garage with a large lean-to for additional high clearance storage.
This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region.
Get in touch with us today to receive a comprehensive information memorandum and seize this exceptional cash flow generator to safeguard your financial future!
Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Laura Krall to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
17
Bathrooms:
11
Property type:
House
Block Size:
602 m²*
Other Details
Legal description:
12/C198149
Maps and area information
Block information
Block size: 602m² (approx)
Legal description: 12/C198149
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
17 Oct 2017
Sold
Zoom Real Estate
Listed: 31/05/2017
Block size: 602m²
Transfer type: Full transfer
Parramatta Park suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
34 years
Population
3,621
Listing ID: 182415374. This listing has been viewed 6 times. It was first displayed on 02/04/2024 and last updated on 03/04/2024.
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.