Sold

Urgent Due to Illness – All Serious Offers Considered

This no frills money maker is now an urgent sale due to serious illness. The property has longer term lease backs rather than the usual letting pool arrangement and the benefit is the leasebacks are not set rents but a percentage of revenue. If the rooms aren’t occupied it costs you nothing! There is free accommodation onsite with a managers unit that is an occupation authority arrangement for the owner to use as they wish. It’s quirky and unusual but private, spacious and has river views all the way to the city. Serious offers considered from low risk buyers.

  • Strong occupancy from Wesley Hospital across the road
  • Above average rooms rates for like rooms in Brisbane
  • Revenue based % commissions on leaseback
  • Only pay commissions to owners if room is occupied
  • Netting $196 with strong growth
  • Many major works completed in the last few years
  • Free managers accommodation on Occupation Authority

NB: Property inspections are by appointment only

Interested? Why not give Nathan Eades a call on 0448 339 920 or