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Overview
Presented to the market for the first time is this exceptionally high yielding Class 1B Banyo Rooming Complex. Achieving a phenomenal $124k gross
This exceptional Class 1B rooming complex in Banyo is presented to the market for the first time, offering a unique investment opportunity with high yielding returns. The property achieves an impressive gross yearly rental income of approximately $124,000, making it a standout asset in the local market.
The complex comprises a total of five studio units, including one extra-large executive studio located on the ground floor and four open-plan studio units situated upstairs. Notably, three of the five tenancies have been occupied by long-standing tenants for over six years, which is uncommon for this type of property and adds to the stability of the investment.
The four upstairs studio units are fully furnished and thoughtfully designed to include private kitchenettes, bathrooms, open plan living and bedroom areas, as well as generously sized built-in wardrobes. The ground floor executive studio is also fully furnished with tasteful furniture, featuring dual built-in wardrobes, spacious living and dining areas, a private kitchenette, bathroom, and an expansive private grassed backyard, providing a comfortable and appealing living space.
Additional amenities on the ground floor include a fully functioning communal kitchen and a shared laundry area equipped with two washing machines for tenant convenience. This setup enhances the functionality and appeal of the complex for residents.
The property is a highly sought-after highset rooming complex and benefits from two lock-up garages, providing secure parking options. It is positioned on a 405 square meter allotment in a quiet and pleasant street, offering a peaceful environment for tenants.
Conveniently located just minutes from the Banyo shopping centre and train station, the property also offers easy access to major arterial roads on the Northside, enhancing connectivity and accessibility for residents.
This is an excellent investment opportunity in a niche market segment, as rooming complexes of this calibre rarely come to market. Prospective buyers are encouraged to act promptly to secure this valuable asset.
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
Banyo QLD 4014
Market Insights for Banyo QLD 4014
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