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Bowen Hills, QLD 4006
Hotel, Motel & Leisure
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32 Self Contained Block of Studios
This Bowen Hills Accommodation has successfully combined the comfort and convenience into a delightful, bright and charming accommodation facility.
Less than 5 years ago it was constructed as an affordable housing accommodation facility, the seller has resubmitted as development application to Brisbane City Council town planning and it is approved as studio apartments. Consultants have been employed to strata title the studio apartments and it has reached the stage that strata titling can be easily achieved with most documentation ready to be submitted for processing.
This fully compliant property in total consists of 32 bedrooms - self contained studio. 28 Studios can accommodate double beds. Two studios can accommodate a 3rd Bed.
This is a fantastic opportunity for the avid investor looking to secure a solid ruturn.
Gross Income: $359,314 p.a at 93% occupancy rate
Depreciation: $51,000
Less than 5 years ago it was constructed as an affordable housing accommodation facility, the seller has resubmitted as development application to Brisbane City Council town planning and it is approved as studio apartments. Consultants have been employed to strata title the studio apartments and it has reached the stage that strata titling can be easily achieved with most documentation ready to be submitted for processing.
This fully compliant property in total consists of 32 bedrooms - self contained studio. 28 Studios can accommodate double beds. Two studios can accommodate a 3rd Bed.
This is a fantastic opportunity for the avid investor looking to secure a solid ruturn.
Gross Income: $359,314 p.a at 93% occupancy rate
Depreciation: $51,000
Property ID: 5662612Last Updated: 5 Dec 2013
07 3839 50...
Address available on request
Bowen Hills, QLD 4006
Harcourts Solutions - SPRING HILL60 Leichhardt Street
SPRING HILL, QLD 4000
SPRING HILL, QLD 4000
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