39 McIlwraith Street, Everton Park, QLD 4053

39 McIlwraith Street, Everton Park, QLD 4053 Your Cash Cow Opportunity

This elevated lot in a central and sought after Everton Park location presents a brilliant opportunity for a high investment return. With gross annual rental of $87,500-$104,000 per annum you could soon be earning returns of 7.67-9.12%.

For your convenience we have partner builders who can quickly and easily complete construction on these homes to ensure your investment earns you an income as soon as possible. With the rental shortage and Brisbane being an Olympic City the opportunities for continued growth are strong.

Brisbane is a vibrant and growing city with a booming economy and a thriving tourism industry.

One of the most important aspects of this growth is the need for affordable and comfortable accommodation for visitors and residents alike.

Everton Park is located in a prime location at 8-10 km away from Brisbane CBD with easy access to public transportation and all the amenities the city has to offer.

Shopping Centers:

? Everton Plaza: 1 km, 2 minutes

? Brookside Shopping Centre: 850m (10min walk)

? Stafford City Shopping Centre: 2.4 km, 6 minutes

Parks and Recreational Areas:

? Teralba Park: 400m, 5 minutes walk

? South Pine River: 5.5 km, 10 minutes

? Chermside Hills Reserve: 6 km, 10 minutes

Schools:

? Everton Park State School: 1.5 km, 3 minutes

? Prince of Peace Lutheran College: 3.5 km, 7 minutes

? McDowall State School: 3.8 km, 7 minutes

Medical Centres:

? The Everton Park Medical Centre: 1.1 km, 3 minutes

? North West Private Hospital: 4.5 km, 8 minutes

? The Prince Charles Hospital: 7 km, 11 minutes

Rooming House and Land Package Details

? 5 studios per home on 303 sqm Lot

? $87,500-$104,000 Annual Rental Income based on $350-$400/room per week

? Build Price: $620,000 Land Component: $520,000

? Total Package Price: $1,140,000

? Projected returns at 7.67-9.12%

Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.