For Sale – Social Studio Living in Brisbane – fully tenanted yielding 7.8% p.a

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Asset for sale –

 

V1 Developments Pty Ltd are offering for sale a 5 dwelling social studio residence in Hendra Brisbane.

Completed in January 2019 the asset is Brisbane City Council Rooming Code compliant maximising rental returns by allowing up to 5 independent residences on one title.

This newly legislated style of micro-apartment development has allowed investors certainty around small apartment product within the inner ring suburbs of Brisbane resulting in substantially higher yields. 

Each dwelling is leased on either a short or long term standard lease agreements and is generating total cash income of $1650/wk providing an annual income of $85,800 or 7.8% rental yields.

Yields above are based on a purchase price of $1,100,000.

This development fills a gap in the local Hendra rental market, appealing to fly in/out workers, students and young professionals. Located 6km from the Brisbane CBD and close to some of Brisbane’s largest developments including the new Brisbane Casino (completion due 2020) the property is accessible via many public transport options.

The Rooming Accommodation Code is a style of dwelling encouraged by Brisbane City Council (primarily for students and young professionals who have been priced out of the local market) as part of their City Plan 2014 policy that encourages smaller style private accommodation in well-established areas of Brisbane.

V1 Developments Rooming Accommodation Investment Overview

  • Four assets are available off-market to purchase ranging in price from $950,000 to $1.1m
  • Choice of assets across 4 suburbs (Hendra, Tennyson, Cannon Hill and Bardon)
  • Annual yields (Hendra property) 7.8%*
  • Fully tenanted and developer rental guarantee provided for 12 months from the date of purchase
  • Land area 400-450m2 block in well-established areas of Brisbane.
  • Stamp duty and depreciation benefits available.
  • Dwellings fully compliant with the Rooming Accommodation code
  • Designed to allow reconversion in the future to a single family dwelling at minimal cost.
  • Long-term management of tenancies under a rental management agreement an option

For additional information request the investment IM below.

Micro Apartments IM

*Refer to IM for additional information, CPC takes no responsibilty for the accurancy of any information within the IM.

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