Brendan Gibb
+ 61 0430 238 184
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Sold
Block_of_units
SOLD on Aug 2023
$1,600,000
52 Paramount Terrace, Seven Hills, QLD, 4170, Australia
5
5
5
300 m²
444 m²
Nearest stations
Morningside
721M (9 mins)
Norman Park
1.1KM (14 mins)
About this Property
Full Information Memorandum Available Upon Request from Agent - Including a detailed financial breakdown, property information and more.
3D Virtual Tour Links:
Unit 1 - https://my.matterport.com/show/?m=BUHLYADxPMs
Unit 2 - https://my.matterport.com/show/?m=htYmdEQrhN1
Unit 3 - https://my.matterport.com/show/?m=FXjPhrFfEA5
Unit 4 - https://my.matterport.com/show/?m=yT4VEX84pPH
Unit 5 - https://my.matterport.com/show/?m=ggLesELuM9M
Common & External - https://my.matterport.com/show/?m=K6vskWHUbEY
- -
A new opportunity has forced the sale of this high-quality asset creating an opportunity the astute investor would not want to miss.
Situated in the in-demand, high growth suburb of Seven Hills, being located approximately 7.6kms from the CBD there is immense long term upside potential on offer here - A Rooming House with 5 individual, fully furnished units located on one title perched on a 444m2 block capturing views to East
With a current gross rental yield of $133,120pa and operating costs of $16,374.64 - a Net Yield of $116,745.36 is on offer. With strong rental price growth being experienced due to Brisbane’s growing population and under-supply of rental stock – few signs point to this slowing down anytime soon especially considering the upcoming Olympics and several key infrastructure projects.
This unique asset class provides stable long term residential tenancies with an extremely low vacancy rate.
Where this property differs from most other Rooming House developments is that it has been strategically developed in a high-quality suburb with a lack of any affordable or entry level unit stock therefore making strong rental demand now and into the future very likely. Couple this with the growth rates which a suburb like Seven Hills sees and it becomes a compelling long-term opportunity seldom available.
3D Virtual Tour Links:
Unit 1 - https://my.matterport.com/show/?m=BUHLYADxPMs
Unit 2 - https://my.matterport.com/show/?m=htYmdEQrhN1
Unit 3 - https://my.matterport.com/show/?m=FXjPhrFfEA5
Unit 4 - https://my.matterport.com/show/?m=yT4VEX84pPH
Unit 5 - https://my.matterport.com/show/?m=ggLesELuM9M
Common & External - https://my.matterport.com/show/?m=K6vskWHUbEY
- -
A new opportunity has forced the sale of this high-quality asset creating an opportunity the astute investor would not want to miss.
Situated in the in-demand, high growth suburb of Seven Hills, being located approximately 7.6kms from the CBD there is immense long term upside potential on offer here - A Rooming House with 5 individual, fully furnished units located on one title perched on a 444m2 block capturing views to East
With a current gross rental yield of $133,120pa and operating costs of $16,374.64 - a Net Yield of $116,745.36 is on offer. With strong rental price growth being experienced due to Brisbane’s growing population and under-supply of rental stock – few signs point to this slowing down anytime soon especially considering the upcoming Olympics and several key infrastructure projects.
This unique asset class provides stable long term residential tenancies with an extremely low vacancy rate.
Where this property differs from most other Rooming House developments is that it has been strategically developed in a high-quality suburb with a lack of any affordable or entry level unit stock therefore making strong rental demand now and into the future very likely. Couple this with the growth rates which a suburb like Seven Hills sees and it becomes a compelling long-term opportunity seldom available.
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Real Specialists
+ 61 0430 238 184
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More Details on 52 Paramount Terrace, Seven Hills QLD
How many bedrooms and bathrooms does 52 Paramount Terrace, Seven Hills have?
52 Paramount Terrace, Seven Hills is a 5 bedroom, 5 bathroom block_of_units.
Who is the agency that listed 52 Paramount Terrace, Seven Hills?
The agency who listed 52 Paramount Terrace, Seven Hills is Real Specialists - you can contact the agents here.
How many car spots does 52 Paramount Terrace, Seven Hills have?
52 Paramount Terrace, Seven Hills is a 5 car spot home.
How much is 52 Paramount Terrace, Seven Hills?
The price of 52 Paramount Terrace, Seven Hills is $1,600,000 - contact the agents to find out more.