549 IPSWICH ROAD, ANNERLEY QLD 4102
A sprawling colonial, this residence has 38 rooms, eight bathrooms, 12 car spots and a massive 1786 sqm of land in a prime Brisbane close to the city location.
Situated in a sought-after inner-city suburb and walking distance to both the train and the bus, this residence is a great investment opportunity currently operating as budget accommodation with 100 per cent occupancy, quality tenants (not students) and in a pristine condition.
With the capacity to be registered for up to 53 residents, this property has a huge opportunity to value add and would be excellent with a long-term management team in place. This could be a totally hands off investment, or if you like, you can manage it yourself. This property has an actual income in excess of $300,000, with the opportunity for this to increase in time.
The features of this property are simple yet practical, including airconditioning, a balcony, carpeted floors and two large kitchens and two sets of bathrooms. Located within walking distance to the bus, train, Annerley Woolworths, Fairfield Gardens Shopping Centre with both Coles and Aldi and cafes and restaurants, what more could you ask for. Bike riding across the Green Bridge to UQ is another pleasure that residents of this lot can enjoy, with very easy access to the hospitals, State Schools and prestige private schools.
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