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Colliers International - Brisbane
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20 Moffatt Street Ipswich, QLD 4305

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For Sale - Expression of Interest

20 Moffatt StreetIpswich, QLD 4305

Hotel & Leisure • Development Sites & Land • Other
Sale Price

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Land area

1082.0m²

Floor area

1082.0m²

Fully Leased Boarding House: Cash Flow Gold Mine

  • $71,088* annual net income
  • 2 separate buildings on 2 titles
  • 1,082m²* land holding
Colliers International are pleased to present 20 Moffatt Street, Ipswich to the market for sale via an Expression of Interest process closing Thursday 12 September 2019 at 4pm.

20 Moffatt Street is comprised of two tenanted and recently renovated boarding houses located in a quiet street a few minutes from Ipswich CBD. The houses are complimented by the range of amenity on its door step being only a short walk to the CBD, University of Southern Queensland, St Andrew's Ipswich Private Hospital and a wide range of employment and shopping precincts.

Ipswich is a major beneficiary of the significant Government and private investment that is driving employment growth in South East Queensland. The commitment of Rheinmetall to base their manufacturing site in Ipswich for the delivery of their Dept of Defence contract is just one more example of the attractiveness of the location for new era job creation.

The key benefits of owning this property include:
• Net annual income of $71,088 from 12 private tenancies
• Forecast annual net income $81,748
• 2 separate buildings on 2 titles
• 1,082m²* land holding
• Fully approved to operate as a boarding house along with an approved management plan
• Potential to improve income performance via a DA to convert the front property into a 6 bedroom student accommodation dwelling
• On site car spaces plus great on-street parking
• Close to Ipswich CBD, University Campus, hospital, shopping and dining options
• Walking distance to public transport (train and bus) options
• Professionally managed
• Strong potential for future redevelopment on this near CBD location
• NBN connected - all internet services included in rent
• Each room comes with a large built-in wardrobe, bed and mattress, desk, and chair

Please contact the exclusive agents to gain access to the due diligence material or to arrange an inspection.

*Approximate

Property ID: 503288658Last Updated: 12 Sep 2019

+61 *** ***
Colliers International - Brisbane
20 Moffatt Street
Ipswich, QLD 4305
Philip ODwyer

Colliers International - Brisbane

Level 30, 111 Eagle Street
BRISBANE CITY, QLD 4000

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Colliers International - Brisbane

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Colliers International - Brisbane

Level 30, 111 Eagle Street
BRISBANE CITY, QLD 4000
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Philip ODwyer

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Philip ODwyer
Colliers International - Brisbane
20 Moffatt Street Ipswich, QLD 4305

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Philip ODwyer

    Philip ODwyer

    Colliers International - Brisbane
    +61 *** ***