Lot 4 Kent Street, Maryborough, QLD 4650

Hugo Alexander is pleased to present this exceptional investment opportunity in the attractive location of Maryborough.

Marywood Estate in Maryborough is 19 minutes from the Queensland Rail Manufacturing plant in Torbenlea. Rail manufacturing makes Maryborough and the Fraser coast a manufacturing power house with skilled long term workers, this

location is ideal to build a comfortable and attractive residential rental asset.

Purpose built to achieve strong rental income, this Rooming House is uniquely designed and is set in the brand new Marywood estate. This is a brand new property on an exceptional 690m2 lot.

Positive cash flow assets with 100% occupancy are typically tightly held assets. Savvy investors will find incredible value in this acquisition.

Link to maryborough investment prospectus by Queensland State government

https://www.statedevelopment.qld.gov.au/__data/assets/pdf_file/0018/81054/maryborough-an-advanced-manufacturing-powerhouse.pdf

Build your very own high yield rooming house

House and land packages are an easy and more cost effective way to secure your cash flow positive asset.

You'll only pay the 20% deposit on the land which starts from $249,000 to $255,000.

Builds take 4-5 months as the builder is a specialist in this space and only builds rooming houses.

Builds are turnkey and nothing is left to do from $567,400 GST inclusive.

You have a choice of 3 facades.

It's easy to finance the build with many competitive lenders in this space. Please check out our financing rooming guide.

Each house is approved and certified to have 5 suites each with a 12 month lease for consistent, safe and reliable earnings.

Set your self up for a comfortable retirement with your first rooming house.

Availability:

We have only 6 brand new lots of land for your brand new high yield rooming house build. These are selling very quickly. Enquire now to reserve yours. Do not miss out.

The location:

Maryborough is a thriving heritage city located on the Mary River approximately 250 km north of Brisbane. Known as one of Queensland?s strongest manufacturing centres, Maryborough has a diverse economy, great weather and a strong and vibrant community spirit. Maryborough offers a range of investment and lifestyle options like no other.

Maryborough forms part of the beautiful and vibrant Fraser Coast Region is easy to navigate with direct access off the Bruce Highway, is located on the northern rail line and is only a 30-minute drive to Hervey Bay. The region is the traditional home

of Queensland?s rail manufacturing industry. It also has thriving agriculture, tourism and timber industries and is home to more than 27,000 residents

Maryborough Economy

The population of the Fraser coast is approximately 118,000.

Average number of people per house hold 2.3

Households 52,522

Single population 40.8% of population

Education & skilled labour 89.4% of the population have working qualifications of TAFE or higher

Migration 78.3% were Australian born, 21.7% have emigrated

Employment 91.5% of over 15 years population is employed

Employment sectors in Maryborough

Community and personal services 16.9%

Professionals, technicians, trades, labourers, Machinery and drivers 63.4%

Sales and management 19.7%

Rental Income

$1800 per week. $94,050 p.a. fully leased

Leases from $360 per week including car space and bills (power, water, internet)

This property features:

- 690sqm lot in a brand new estate

- Inviting communal area with kitchen, laundry and lounge

- 5 x Spacious suites with their own living room, bedroom, courtyard, ensuite and kitchenette

- 225m2 low-set build with 2590mm high ceilings

- Quiet street location

- Class 1B certified rooming house

- 13.3kw solar system

- Designed and approved for 5 individual leases

- Furniture and appliances optional

- 5 larger courtyards

- 6 kitchens

- 5 car spaces

Build time

4-5 months from commencement to practical completion and certification.

With seamless colaboration with town planners, certifiers, loyal tradesmen, designers and drafters the builder consistently delivers homes on time and on budget.

Pricing

GST inclusive, fixed price contract, turn key build. From $782,900 House and Land GST inclusive

Furniture optional (recommended) $29,7000 extra

While the standard house performs with excellent consistency, please review the IM for upgrades pricing.

The Builder

Altitude Investment Homes is a Queensland based specialist rooming house builder. They build 40-45 of these specific homes per quarter and have many very happy clients now looking to get their next positive cash flow investment.

They are debt free, hold a category 3 builders license, have in house civil engineering, project management, drafting and estimation expertise.

Financing a rooming house:

Cash flow positive properties are much easier and more accessible today with competitive finance from 6.99% with lenders such as Liberty, Mortgage Mart, Columbus Capital, Granite and are available through experienced finance brokers.

Leverage cash or collateral in existing properties from 10 to 20% deposit. Call us for a no obligation introduction to a broker that can see if you qualify to buy a cash flow positive asset.

Don't miss out on this great investment opportunity.

Contact Harry Imam on 0403 180 092 or [email protected] for further information.