22 Sparkes Street

Chermside QLD 4032

This renovated, fully furnished four suite double storey rooming house on 405m2 of MU2 zoned land.

This unique house was built to last and is brick and concrete construction where both the ground and first floors are concrete slab.

The house comprises four (4) individual suites that have indiviual leases. Each suite is complete with living with kitchenette, bathroom, air conditioned bedroom and most with either balcony or private courtyard. The suites are modern and include high quality furniture. Currently fully leased the property is returning an impressive $1635 per week (soon to increse to $1685).

Each suite also has access to an off street carspace (3 spaces and 1 lockup garage) and an exclusive use lockup storage area.

The common area includes a full kitchen with oven, cooktop and rangehood and laundry facilities with 1 x washing machine.

The property presents an exciting proposition for the savvy investor.

Certified as a Class 1b dwelling gives the right to lease each room individually, and with a unique zoning that allows couples to occupy each room (unlike most rooming houses in Brisbane that only allow 1 person per room).

Features:
- Four individual living spaces comprising, bedroom, bathroom and internal and external living space
- Communal laundry and full-size kitchen
- Abundance of natural light, neutral colour tones and quality finishes throughout
- Air conditioning, electric hot water system and solar system.
- Certified as a Class 1b dwelling allowing each room to be leased individually
- Smart door locks on front door and individual rooms providing for keyless access and remote management
- Annual rental return of over $85k
- High quality build, fixtures and furniture throughout.

Note: Please make contact for more detailed Information Memorandum.