36 Olive Street,
Nundah, QLD 4012
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Map of 36 Olive Street
Train stations within 5 km of 36 Olive Street, Nundah, QLD 4012 Distance Nundah Station 836 m Toombul Station 958 m Eagle Junction Station 1.7 km Northgate Station 1.7 km Clayfield Station 2 km POWERED BY HERE ©Bus stops within 5 km of 36 Olive Street, Nundah, QLD 4012 Distance Buckland Rd at Bishop Street 207 m Park Rd at Windsor Street 219 m Park Rd at Boyd Road 231 m Park Rd Near Buckland Rd 254 m Windsor St Near Eton St 261 m POWERED BY HERE ©
POWERED BY HERE ©
Prime Investment Opportunity in Nundah
36 Olive St, Nundah is your chance to secure a prime inner-city investment returning approx $166,140 per year (approx 6.64% yield).
This 13 bedroom boarding house with long term tenants currently has accreditation for 17 residents and the potential to add extra rooms and increase the yearly return by $39,000 p/a.
These strong returns and ability to add value will benefit investors looking to add a strong investment to their portfolio.
In the heart of Nundah, this solid Queenslander on a 399m2 corner block has long term tenants and a large waiting list of tenants looking for accommodation.
Property Highlights-
Strong investment with approx 6.64% yield
Currently returning $166,140 p/a
Well built, solid Queenslander can be converted back to a family home
399m2 corner block
Potential to add more rooms returning an extra $39,000 p/a (new total yearly income = $205,140 p/a)
Currently registered as a 13 bedroom boarding house with accreditation for 17 residents
Long term tenants
Only approx 250 boarding houses left in QLD (previously 400+ only 3 years ago)
Non existent vacancy rates do to high demand of rooms
High waiting list for accommodation
No rent areas as rent is paid directly through centrepay/ centrelink
Exterior freshly painted
No GST on the property
Low maintenance yard
Outgoings-
Electricity $6,624 p/a approx
Water $3,308 p/a approx
BCC Rates $3,047 p/a approx
Maintenance $2,000- $3,000 p/a approx
Insurance $5,000 p/a approx
Locations-
1km to Nundah Village
12km to Brisbane CBD
6.1km to the Brisbane Airport
800m to Nundah Train Station
3.7km to Westfield Chermside
This 13 bedroom boarding house with long term tenants currently has accreditation for 17 residents and the potential to add extra rooms and increase the yearly return by $39,000 p/a.
These strong returns and ability to add value will benefit investors looking to add a strong investment to their portfolio.
In the heart of Nundah, this solid Queenslander on a 399m2 corner block has long term tenants and a large waiting list of tenants looking for accommodation.
Property Highlights-
Strong investment with approx 6.64% yield
Currently returning $166,140 p/a
Well built, solid Queenslander can be converted back to a family home
399m2 corner block
Potential to add more rooms returning an extra $39,000 p/a (new total yearly income = $205,140 p/a)
Currently registered as a 13 bedroom boarding house with accreditation for 17 residents
Long term tenants
Only approx 250 boarding houses left in QLD (previously 400+ only 3 years ago)
Non existent vacancy rates do to high demand of rooms
High waiting list for accommodation
No rent areas as rent is paid directly through centrepay/ centrelink
Exterior freshly painted
No GST on the property
Low maintenance yard
Outgoings-
Electricity $6,624 p/a approx
Water $3,308 p/a approx
BCC Rates $3,047 p/a approx
Maintenance $2,000- $3,000 p/a approx
Insurance $5,000 p/a approx
Locations-
1km to Nundah Village
12km to Brisbane CBD
6.1km to the Brisbane Airport
800m to Nundah Train Station
3.7km to Westfield Chermside
Property ID: 504537308Last Updated: 7 Mar 2024
Ray White - NEW FARM
612 Brunswick StreetNEW FARM, QLD 4005
36 Olive Street
Nundah, QLD 4012
Ray White - NEW FARM612 Brunswick Street
NEW FARM, QLD 4005
NEW FARM, QLD 4005
Contact Agency
Ray White ClayfieldUnit 3, 730 Sandgate Road
CLAYFIELD, QLD 4011
CLAYFIELD, QLD 4011
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