Lot 2 - 10 Percy Street - Zillmere

Description

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An opportunity to acquire a brand-new, purpose-built rooming house of five self-contained studios on a single title in Zillmere, approximately 16.8km north of the Brisbane CBD. Each of the five studios is genuinely self-contained, with its own bedroom, living room, bathroom and kitchenette. In addition, the property provides a communal, fully equipped kitchen and a communal laundry. The dwelling was designed and constructed from the ground up as a rooming house by Queensland's leading specialist rooming house builder — it is not a converted house.

 The property is offered on a single-part contract as a completed, income-producing asset. This structure is materially important for Self-Managed Super Funds, which generally cannot borrow to construct: a completed property on one contract is one of the few ways an SMSF can access this asset class using   limited recourseborrowing arrangement. Five separate studio incomes under one roof produce a diversified income stream from a single dwelling.

• Property Type: Prestige House & LandSMSF Freehold New Build
• Property Stage: N/A
• Price: $ 1,691,740.00
• Land Price: N/A
• Build Price: N/A
• Beds: 5
• Bath: 5
• Garage: 3
• Storey: 2
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: 2
• Floor Plan: Glebe
• Completion: N/A
• Land Size: 311
• Area Size: 236.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 2250.00
• Est. Body Corp.: N/A
• Title Status: N/A
• Gross Per Week: $ 2,250.00
• Gross Per Annum: $ 117,000.00
• Gross Yield: 6.92%
• Capital Growth 12 Months: -1.62%
• Capital Growth 10 Year Annualised: 6.82%
• Vacancy Rate: 0.81%