15 Norman Street,
Deagon, QLD 4017
Other
Price information
Sale
$1,160,000
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Land area
Floor area
Car spaces
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Map of 15 Norman Street
Train stations within 5 km of 15 Norman Street, Deagon, QLD 4017 Distance Deagon Station 583 m North Boondall Station 655 m Sandgate Station 1.4 km Boondall Station 1.7 km Shorncliffe Station 2 km POWERED BY HERE ©Bus stops within 5 km of 15 Norman Street, Deagon, QLD 4017 Distance Stockham Rd Near Blackwood Rd 132 m Braun St at Musgrave Street 159 m Stockham Rd Near Finnie Rd 182 m Braun St at Burralong Street 214 m Braun St at Smith Street 295 m POWERED BY HERE ©
POWERED BY HERE ©
Newly Converted Rooming House/Block of Units
FULL INFORMATION MEMORANDUM AVAILABLE UPON REQUEST.
Fully Leased offering a $95,421pa Gross Yield on a 405m2 block approx 650m from the local train station.
Introducing a compelling investment prospect in Deagon, this rooming house on a 405m² block is approximately 650m from the local train station, highlighting its appeal due to exceptional accessibility and growth prospects. The transformation from a traditional residence to a multi-occupancy dwelling showcases a strategic move into the profitable rooming house market, catering to the rising demand for quality rental options in the area.
Currently offering a gross rental yield of $95,421 per annum with operating expenses around $27,658, this property presents net yield of $67,763, reflecting a sound investment in a competitive segment. Its location in Deagon, coupled with a thoughtful conversion, positions it well within the rental market, appealing to a diverse tenant base.
The appeal of Deagon as a suburb is subtly enhanced by its connectivity to Brisbane CBD and local amenities, reinforcing the property’s potential for capital growth. The steady demand for rental accommodation in the area suggests a promising outlook for future valuation increases.
This rooming house represents a balanced investment choice, offering steady income potential and growth prospects. The property’s full occupancy reflects its desirability, underpinned by a low-maintenance operational model, making it a practical addition to an investor's portfolio looking for reliable returns and capital appreciation opportunities.
Fully Leased offering a $95,421pa Gross Yield on a 405m2 block approx 650m from the local train station.
Introducing a compelling investment prospect in Deagon, this rooming house on a 405m² block is approximately 650m from the local train station, highlighting its appeal due to exceptional accessibility and growth prospects. The transformation from a traditional residence to a multi-occupancy dwelling showcases a strategic move into the profitable rooming house market, catering to the rising demand for quality rental options in the area.
Currently offering a gross rental yield of $95,421 per annum with operating expenses around $27,658, this property presents net yield of $67,763, reflecting a sound investment in a competitive segment. Its location in Deagon, coupled with a thoughtful conversion, positions it well within the rental market, appealing to a diverse tenant base.
The appeal of Deagon as a suburb is subtly enhanced by its connectivity to Brisbane CBD and local amenities, reinforcing the property’s potential for capital growth. The steady demand for rental accommodation in the area suggests a promising outlook for future valuation increases.
This rooming house represents a balanced investment choice, offering steady income potential and growth prospects. The property’s full occupancy reflects its desirability, underpinned by a low-maintenance operational model, making it a practical addition to an investor's portfolio looking for reliable returns and capital appreciation opportunities.
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Property ID: 504574120Last Updated: 22 Oct 2024
04302381...
15 Norman Street
Deagon, QLD 4017
REALspecialists Commercial - .PO Box 1331
COOLANGATTA, QLD 4225
COOLANGATTA, QLD 4225
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