Ngā Rūma Moe
For the 3 years since it has been built this purpose built investment home has yielded exceptional rental returns and very low vacancy. The 5 studio units are pet friendly with courtyards and often seen at least 20 applications when the come up for lease. Several tenants have stayed for 2 years or longer given the quality of lifestyle and convince of these cleverly designed properties.
The 517m2 block houses a single level property - this property is then separated into 5 individual self contained flats each with their own private courtyard, bathroom, kitchen and living areas. These studio flats are finished with durable and quality fittings and fixtures and have been immensely popular on the rental market.
The current leases and rents for the studios:
Unit 1 - 26.02.2024 to 25.08.2024 $360.00
Unit 2 - 27.09.2023 to 26.09.2024 $390.00
Unit 3 - 23.06.2024 to 22.06.2025 $380.00
Unit 4 - 05.02.2024 to 04.02.2025 $390.00
Unit 5 - 20.11.2023 to 19.11.2024 $360.00
Yielding the lucky owner of this cash cow approximately $100,000 per year in rental income. This asset is perfect for SMSF buyers or anyone seeking a high yield low effort investment. With rents continuing to rise and no relief insight this assets will only increase its value over the booming years to come in Brisbane.