138 West Street Allenstown, 4700 QLD

Terrific Return and Fantastic Potential

7 2 2

This neat and presentable complex zoned guest/boarding house, comprises of seven very tidy furnished flats/bedsits with their own kitchenettes, with combined lounge bedroom area. All on one level with the common area / lounge area at the entrance of the building, and shared bathrooms and laundry at the rear.

There is undercover car accommodation on this 493sqm fenced corner allotment and the building is solid on concrete stumps. Another massive benefit of this building is the new installations of the solar energy system already contributing to the enormous savings in electricity and hot water.

There is 100% occupancy with leases in place and the rental return here is over $39,000 pa, currently expertly managed. This represents a great return on investment and the site has fantastic potential in a great central location in Allenstown close to hospitals, public transport and hotels.

- Terrific rental return - over $39,000 per annum. Fantastic potential.
- New solar energy system installed for electricity and hot water savings
- 7 flats / bedsits, basic furniture included
- Central location close to hospitals, nursing homes, hotels and public transport

*The Sustainability Declaration is available from the office.

Sold $400,000

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