Brendan Gibb
+ 61 0430 238 184
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Block_of_units
Newly Converted Rooming House/Block of Units
35 Cressbrook Street, Forest Lake, QLD, 4078, Australia
5
5
2
Nearest stations
Richlands
1.6KM (20 mins)
About this Property
Full Information Memorandum Available Upon Request.
Fully Leased offering a $97,767pa Gross Yield on 679m2 in a strong future suburb undersupplied with quality rental unit stock.
Seize the opportunity with this standout Rooming House in Forest Lake – a burgeoning locale marked by its limited supply of premium rental stock and strong growth trajectory. This meticulously renovated property, once a standard residence, now stands as a multi-occupancy dwelling, offering investors a lucrative entry into a market poised for expansion.
Located on a generous 679m2 block, it's currently realizing a gross yield of $97,767pa, presenting an unbeatable investment with both solid returns and capital appreciation potential. Factoring in indicative operating costs provides an indicative Net return of $71,690pa.
Amidst a suburb experiencing a substantial 11.2% sale price growth, this Rooming House is a gateway to tapping into the high demand for quality rentals.
The strategic positioning of Forest Lake, combined with the area's accelerating development and increasing appeal, suggests a bright future for investors. With the city's growth, propelled by population increases and significant infrastructure projects, rental demand is expected to strengthen further.
This Rooming House represents not just an investment in real estate but a stake in the suburb's prosperous future, ideally suited for the discerning investor ready to capitalize on the lucrative rental market of Forest Lake.
Fully Leased offering a $97,767pa Gross Yield on 679m2 in a strong future suburb undersupplied with quality rental unit stock.
Seize the opportunity with this standout Rooming House in Forest Lake – a burgeoning locale marked by its limited supply of premium rental stock and strong growth trajectory. This meticulously renovated property, once a standard residence, now stands as a multi-occupancy dwelling, offering investors a lucrative entry into a market poised for expansion.
Located on a generous 679m2 block, it's currently realizing a gross yield of $97,767pa, presenting an unbeatable investment with both solid returns and capital appreciation potential. Factoring in indicative operating costs provides an indicative Net return of $71,690pa.
Amidst a suburb experiencing a substantial 11.2% sale price growth, this Rooming House is a gateway to tapping into the high demand for quality rentals.
The strategic positioning of Forest Lake, combined with the area's accelerating development and increasing appeal, suggests a bright future for investors. With the city's growth, propelled by population increases and significant infrastructure projects, rental demand is expected to strengthen further.
This Rooming House represents not just an investment in real estate but a stake in the suburb's prosperous future, ideally suited for the discerning investor ready to capitalize on the lucrative rental market of Forest Lake.
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Real Specialists
+ 61 0430 238 184
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More Details on 35 Cressbrook Street, Forest Lake QLD
How many bedrooms and bathrooms does 35 Cressbrook Street, Forest Lake have?
35 Cressbrook Street, Forest Lake is a 5 bedroom, 5 bathroom block_of_units.
Who is the agency that listed 35 Cressbrook Street, Forest Lake?
The agency who listed 35 Cressbrook Street, Forest Lake is Real Specialists - you can contact the agents here.
How many car spots does 35 Cressbrook Street, Forest Lake have?
35 Cressbrook Street, Forest Lake is a 2 car spot home.
How much is 35 Cressbrook Street, Forest Lake?
The price of 35 Cressbrook Street, Forest Lake is Newly Converted Rooming House/Block of Units - contact the agents to find out more.