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Auction Location: Southport Sharks.
Located on the fringe of burgeoning Southport CBD, this 7 bedroom, 4 bathroom, 2 kitchen property is council approved as a private boarding accommodation with 7 tenancies in place returning over $1,500 per week.
Positioned on a wide and peaceful street just a short stroll to Australia Fair, G-Link light rail and fabulous CBD restaurants and entertainment hub, this 2-storey home has been purposefully reimagined for maximum return but could easily be reconfigured to a dual living abode with TSS and St Hilda's private schools only a short drive.
The current owner has attained council approval for material change of use to private rooming accommodation. A capital-intensive reconfiguration has allowed the current 7 non-related occupants to live in comfort and privacy and there is approval for another 3 bedrooms so up to 10 non-related persons to reside at the dwelling.
You Will Love
- 7 bedrooms (2 ensuited)
- 3 upstairs bedrooms
- 4 downstairs bedrooms
- 2 updated kitchens
- 2 ensuites and 2 full bathrooms
- 4 car parks out the back
- 607m block
- Massive open-planned living/dining upstairs with gorgeous, polished hardwood floors
- Undercover balcony off main living
- Big private back yard
- Separate laundry
- Large rainwater tank
- Undercover entertaining area on ground floor
- 20 solar panels
- Close to excellent schools, CBD, light rail, fabulous shopping and dining
- Elevated north/south aspect catches all the breeze and light
- Zoned medium density
- Council approved as private room accommodation
- $1,500+ per week rent with scope to increase (6 of 7 bedrooms currently occupied with 7th tenancy to commence end of March 2021)
- All leases are periodic (month to month), perfect for owner/occupiers or investors
- DA approval for 3 additional bedrooms
- Low maintenance, good yielding investment
- Fully furnished
- Potential to reconfigure into dual living or large single-family home
- Room for pool
- Wide and quiet street walking distance to Australia Fair, CBD, G-Link light rail, the Broadwater and a short drive to TSS, St Hilda's, Surfers Paradise, Harbour Town and more.
- Council rates $1,330.00 per 6 months
- Water rates $516 per 3 months
- Electricity $106 per 3 months
Icing on the Cake
This is an emerging and vibrant area on the fringe of the CBD, benefiting from significant urban renewal. Multiple high-end single dwelling and multi-dwelling developments are complete or under way, signalling this inner-city position has potential for years to come.
Call exclusive agent Ben Fisher for more information
Disclaimer:
Disclaimer: The information contained herein is obtained from owners and/or relevant and legitimate third-party sources. We have, in preparing this information, used our best endeavours to ensure that the information is true and accurate however, we accept no responsibility, offer no guarantee or warranty and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Interested parties must rely solely on their own inquiries to verify the information contained herein.
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