1 / 131 MERTHYR ROAD, New Farm

Property ID: 1P0113

$2.3M
Type
Retail
Contract
For Sale
Land Size
442 sqm
 

PRIME INVESTMENT OPPORTUNITY IN BLUE CHIP LOCATION

- 25 rooms plus managers office
- Gross Income- $235,000 approx.
- New updated kitchen facilities
- Current management arrangements are geared to enable minimal owner input
- Private Courtyard in landscaped garden surrounds
- Recently reroofed / Solar Panels
- High occupancy
- Premiere New Farm location

A rare and exciting opportunity exists to purchase a well maintained residential accommodation facility in a prized New Farm position. Currently 100% occupied and reaping strong rental returns there is still scope for the investor to enhance and add further value.

An irreplaceable investment that will enjoy a high cash flow and occupancy.

New Farm is located approximately 2kms east of the CBD and borders the suburbs of Teneriffe and Fortitude Valley. It is one of Brisbane's most popular and affluent suburbs and features an eclectic mix of character properties and new residential unit developments. It is well serviced by amenities, retail and public transport.

Please call Geoff Esdale for further information and to schedule your inspection.