THE SCENIC RIM, QUEENSLAND
Real Estate for Sale | Buy, Sell or Invest

Are you an investor looking for an astronomical return or do you have an extra large family? This is your unicorn! With approvals as a boarding house for up to 9 tenants and potential for approvals of up to 14 tenants (STCA) this property is a true Cash Cow!

Built in 2004 this lowset brick home has 9 bedrooms, all with built in wardrobes + a study, 3 bathrooms one of which is an ensuite to the Air Conditioned and very spacious master bedroom. The large kitchen with island bench boasts ample storage, a pantry, Air Conditioning and flows to the open plan living room and covered outdoor entertaining area. There is a 4.5kW Solar system to keep electricity costs down, tile floors throughout the bathrooms and common spaces for easy cleaning and maintenance plus a separate laundry. This unique property is topped off with a low maintenance yard, water tank and garden shed. Ideally located close to local schools, shops, public transport, parks and the centre of Gatton. The property has had smoke alarms installed in each bedroom in readiness of the upcoming smoke alarm legislation changes effective January 2022.

Currently returning $960 per week with 8 tenants and the potential for increasing these returns:

• Returning $120 pp/pw with potential to increase this to $140 pp/pw

• Council Rates $30 per fortnight

• Insurance $98 per month

• Electricity $1,159 per quarter

• Internet $69 per month

• Water $10 per fortnight

Potential for Council approvals of up to 14 tenants ($1,260 per week)

Investments with these kinds of returns do not come along often so call now or risk missing out!