149 Shrapnel Road
Cannon Hill, QLD 4170

Overview

Fully Tenanted Rooming House in a Prime Corner Position

This exceptional investment opportunity is located in a prime position just 9 kilometers from the Brisbane CBD. The property is a fully tenanted rooming accommodation house, offering a hassle-free, high-yield addition to any portfolio.

Constructed in 2018, this modern two-storey residence features five spacious bedrooms, each with its own ensuite bathroom and access to private balconies or the backyard, providing comfort and privacy for all occupants. The property is fully air-conditioned and equipped with ceiling fans to ensure a pleasant living environment year-round.

The communal kitchen and dining area are designed for functionality and convenience, fostering a sense of community among residents. The property also includes parking for two cars, adding to its practicality.

Energy efficiency is a key feature of this home, highlighted by the inclusion of a 15kW solar system, which helps reduce operating costs. There is no Body Corporate, further minimizing expenses and administrative responsibilities.

Strategically positioned, the property is directly across the road from Cannon Hill Anglican College and local bus stops, with Cannon Hill train station just 1.1 kilometers away. Residents enjoy easy access to a variety of amenities including cafes, shops, a petrol station, and a gym, all within 900 meters. Additionally, Westfield Carindale shopping center is only a 12-minute drive, Cannon Hill Plaza is 7 minutes away, and Morningside Central, The Hills of Rivermakers precinct, and Colmslie Reserve are all within a short 3-minute drive.

Financial highlights include a strong rental return exceeding $100,000 annually, with potential for increased earnings in the current rental market. The property is fully tenanted with secure leases in place, providing a stable income stream.

• Certified rooming accommodation house (class 1b)
• 405 square meter allotment
• Five bedrooms and five bathrooms
• Two-car garage
• Communal kitchen and dining area
• Fully air-conditioned with ceiling fans
• 15kW solar power system
• Quarterly rates approximately $1,095.60
• Quarterly water charges approximately $1,442.13
• Secure rental agreements for all units with varying lease terms
• Building and pest report available upon request

This property represents a secure and sound investment with minimal operating costs and excellent location benefits, making it an ideal choice for investors seeking a reliable and profitable asset.

Location