Price Reduction - Now Offers at $2,300,000
6 Milford Street, Ipswich QLD 4305
Other
3073
Block size: 1120 m² approx.
HIGH INCOME EARNING INVESTMENT - $296,000 p/a Gross - MINUTES TO EVERYTHING
Inner city Income-earning investment, High occupancy rates, and only stone's throw to the Ipswich CBD.
A fully licensed boarding house and rooming accommodation complex offering a steady annual income of approximately $296,000 p/a from its 35-room facility all within minutes to the Ipswich CBD, Train stations and Shopping centers.
This complex offers residents a commercial grade Kitchen, Laundry facilities, toilets, bathrooms, and multiple common areas. While each room has free Internet, its own Fridge, Bed, & other furnishings with the current going rates at $165 per week.
Features
- Licensed 35-room boarding house in the heart of Ipswich CBD
- 2-storey dwelling with side access
- High ceilings, tiled floors, and fresh interiors in most rooms
- Large rooms with bed and storage, fridges, and other furnishings
- 7 common bathrooms, 9 toilets, commercial sized kitchen, and onsite parking.
- Shared laundry - with coin operated washing machines
- Security cameras throughout the complex
- Janitor's closet
- Covered parking for 3 Cars.
- Fire and safety accredited
- Current gross return $296,000 per annum approx.
- Great property managers, happy to continue under new ownership.
The building is well located only a few minutes' walk to everything offering tenants the luxury of inner city living. Within a 500m radius you will find Public Transport options Shopping Centers, universities, and all other Ipswich CBD amenities.
The building is fully certified by Fire and Safety and has had many upgrades recently. Currently managed through a local agency who are well experienced in the rooming and boarding house accommodation sector and are more than happy to continue managing the site for its news owner.
For a complete copy of the information memorandum and a link to visit the 360-degree interactive walk-through video, please call Piers Crawford or Steve Landeta.
Disclaimer:
While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.
A fully licensed boarding house and rooming accommodation complex offering a steady annual income of approximately $296,000 p/a from its 35-room facility all within minutes to the Ipswich CBD, Train stations and Shopping centers.
This complex offers residents a commercial grade Kitchen, Laundry facilities, toilets, bathrooms, and multiple common areas. While each room has free Internet, its own Fridge, Bed, & other furnishings with the current going rates at $165 per week.
Features
- Licensed 35-room boarding house in the heart of Ipswich CBD
- 2-storey dwelling with side access
- High ceilings, tiled floors, and fresh interiors in most rooms
- Large rooms with bed and storage, fridges, and other furnishings
- 7 common bathrooms, 9 toilets, commercial sized kitchen, and onsite parking.
- Shared laundry - with coin operated washing machines
- Security cameras throughout the complex
- Janitor's closet
- Covered parking for 3 Cars.
- Fire and safety accredited
- Current gross return $296,000 per annum approx.
- Great property managers, happy to continue under new ownership.
The building is well located only a few minutes' walk to everything offering tenants the luxury of inner city living. Within a 500m radius you will find Public Transport options Shopping Centers, universities, and all other Ipswich CBD amenities.
The building is fully certified by Fire and Safety and has had many upgrades recently. Currently managed through a local agency who are well experienced in the rooming and boarding house accommodation sector and are more than happy to continue managing the site for its news owner.
For a complete copy of the information memorandum and a link to visit the 360-degree interactive walk-through video, please call Piers Crawford or Steve Landeta.
Disclaimer:
While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Steve Landeta to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
30
Bathrooms:
7
Garage Spaces:
3
Property type:
Other
Block Size:
1120 m²*
Other Details
Lot:
2
Plan Type:
RP
Plan:
59551
Legal description:
2/RP59551
Maps and area information
Block information
Block size: 1120m² (approx)
Legal description: 2/RP59551
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
45 years
Population
2,468
Listing ID: 181684609. This listing has been viewed 82 times. It was first displayed on 07/06/2023 and last updated on 29/11/2023.
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.