20A Moffatt St, Ipswich, QLD 4305

Incredible Investment Return 7.15%*

Fully Leased to a NDIS Provider: Cash Flow Gold Mine

20a Moffatt Street is fully tenanted on a 2 year lease. The property is located only a few minutes walk to the University of Southern Qld, Bremer State High School, Central State Primary School, Ipswich Hospital, St Andrews Private Hospital, Queens Park and the Ipswich CBD plus a wide range of employment and shopping precincts.
The potential of this property has so much upside. The property was previously an 9 room boarding house. The approvals and all relevant requirements for a boarding house are still in place. Not only do you have this advantage the seller has provided a town planning report showing there is the possibility to extend the building and create more rooms/accommodation (STCA).

The lease is in place for the next 2 years with the first year returning $57,200 and the second year of the lease increases to a huge $62,400 per year. Outgoings on the property are approx. $10,000.


Features:

. The key benefits of owning this property include:
. 1st year Gross annual income of $57,200
. 2nd year gross annual income of $62,400
. Forecast annual net income over the 2 years is a huge 6.23%
. Plus the property fully approved to operate as a 9 boarding house
along with an approved management plan
. Potential to improve income performance via a DA (STCA) to
create more units/extension of existing building
. Next door to a medical centre and pathology
. Close to Ipswich CBD, University Campus, hospital, shopping centres
High & primary schools Walking distance to public transport (train and bus)
. Professionally managed on a secure 2 year lease
. Strong potential for future redevelopment on this near CBD location
. NBN connected - all internet services
. Please contact Darren Boettcher to arrange an inspection.
*Approximate Gross return

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Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.