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Overview
PERFECT HEMMANT LOCATION
This exceptional property presents a rare opportunity for investors seeking a Class 1B Rooming Complex located in the highly sought-after suburb of Hemmant. Offered to the market for the first time, this complex comprises five self-contained, fully tenanted studio units, generating an impressive gross rental income of approximately $115,000 per annum.
The complex includes one extra-large studio on the ground floor and four studios on the upper level. Each unit is thoughtfully designed with open-plan living areas, kitchenettes, private bathrooms, and bedrooms. Comfort is ensured with air conditioning installed in every studio. Additionally, tenants benefit from outdoor spaces and a shared laundry facility, enhancing the convenience and appeal of the property.
Situated on a 405 square meter parcel of land, the property also features two lock-up garages and two additional off-street car spaces, providing ample parking for residents and visitors alike. The studios maintain consistently high occupancy rates with minimal vacancy, largely due to their proximity to major employment hubs such as the Ampol refinery and other workplaces along Lytton Road.
Beyond its current use, the complex offers potential for future conversion into a spacious five-bedroom home, subject to council approval (STCA). This flexibility adds significant value for prospective buyers looking to adapt the property to their needs.
Location is a key advantage, with the property positioned just a short walk from Hemmant train station, facilitating easy access to public transport. It also benefits from close proximity to the Gateway Motorway and Brisbane Airport, making it an ideal base for commuters and frequent travelers.
This investment opportunity is available by private appointment only, ensuring a personalized viewing experience. The property is fully furnished with tasteful furniture included in the sale, allowing for immediate rental income generation without additional setup costs.
Overall, this Hemmant rooming complex combines strong rental returns, excellent location, and future development potential, making it a compelling proposition for astute investors and owner-occupiers alike.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Hemmant QLD 4174
Market Insights for Hemmant QLD 4174
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
