The Bournes are proud to present to discerning investors this exceptional opportunity to secure a high-performing investment property. Healthy homes compliant and currently with 100% occupancy, this solid brick residential boarding house offers strong yields of 10% + and low maintenance appeal.

Comprising of six studio units, four one bedroom units, and a five bedroom house providing a total of 15 bedrooms and 12 bathrooms, along with a communal kitchen and laundry facilities, this property currently generates an income in excess of $232,000 annually.

The one bedroom units all feature a kitchenette along with a spacious lounge / dining area and with an ensuite coming off the king sized bedroom. The studio units have a convenient open plan layout with separate bathroom, kitchen bench and fridge space. All units have ranch sliders providing indoor / outdoor flow to either a patio or deck. Each room features a heat pump and gas hot water. Wi-Fi is provided across the property.

The five bedroom house has a full kitchen with gas stove, dishwasher and an abundance of storage space. There is a modern combined bathroom / toilet along with a second separate toilet and laundry. The spacious living area enjoys the comfort of a wood burner for the cooler months.

Spread across 1475sqm of prime real estate in College Estate, there is an abundance of off-street parking and spacious communal grounds. The opportunity remains to reinstate the swimming pool or fill it in to make a grassed outdoor area.

Independently provided rental appraisals demonstrate increased potential yield of over 11% from the highly in demand accommodation on offer. With a per annum income of over $262,000 achievable.

This is a rare chance to own a sought-after, income- generating asset in a high-demand rental market in close proximity to town, cafes, shops, hospital, and public transport.

A spreadsheet of income and outgoings is available on request.