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64 Park Street, Kelvin Grove QLD 4059

Sold $1,240,000
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7
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Description

WANTED: NEW FARMER FOR CASH COW!

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Agent Details
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Vish Uttam
Principal
Armed with an extensive background in marketing, international real estate in Dubai, as well as having worked for one of the most prestigious accounting firms globally, Pricewaterhouse Coopers, Vish has developed a strong professional vision, cultural adaptability and knowledge to understand the needs of his clients to succeed and deliver exceptional client service. He has a bachelor’s degree in IT and a Master’s Degree in Accounting from Bond University. (yes, he's a nerd!) Vish opened up Xperience Realty in 2013, after being in the industry for over 5 years, because he believed there was a gap in the marketplace to create something fresh and dynamic. Passionate about marketing, Vish prides himself in his “Fresh Approach to Real Estate”. Through this mindset, Vish aims to reinvent the industry by pushing the envelope with innovative, clever and unique marketing strategies and challenges conventional ways to make the property buying and selling process a refreshing, exiting and profitable Xperience. Through his unique approach, Vish has sold over 200 properties worth over $100,000,000 When not selling and running his baby Xperience, Vish enjoys travelling and is a bit of thrillseeker (he's actually been to the Base Camp of Mt. Everest), loves salsa dancing with his lovely wife (who is the real boss of the company!) and is a passionate rum love and actually is the founder of the Brisbane Rum Club!
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This property is looking for a new owner! So if you have ever considered breaking into the student accommodation market? well look no further! This cash cow is locked and loaded and in need of a new farmer! This place is situated right down the road from QUT Kelvin Grove campus, making it a hot spot for student renters fresh out of home.

Five of the rooms are already rented and there are extra rooms available for any owner occupiers. One room downstairs in disability friendly, and all rooms come fully furnished with their own ensuites and fans.

Tenants will share living spaces that boast modern appliances, laundry areas, and living areas with televisions. There is plenty of room for street parking, as well as several off-street parking spaces. The house can be accessed by both Park St and Gebbie St.

The location is highly desirable to students. They’ll have easy access to public transport, several parks, and local retail, restaurant and shopping districts. The CBD is just a short train ride away when they’re desperate for a relaxing weekend after the exam period.

Read on for the most lucrative features of your new investment:
• 5 x rented rooms with 1 bedroom and 1 ensuite each. Fully furnished with fans and heaps of storage.
• Extra rooms for owner occupiers or more tenants.
• 1 x disability friendly room downstairs with an ensuite and fan.
• Shared, open plan common rooms with modern kitchen appliances and televisions.
• Internal laundry area.
• Lucrative location minutes away from public transport, parks, QUT Kelvin Grove campus, and local retail, restaurant and shopping districts.
• Only a short train ride from CBD, South Bank, and other cultural centres.

Read on for important investment information:
• Current Rental Rates: $1050 per week.
• Council Rates: Approx $2772 per year.

Complete student accommodation buildings don’t come on the market often. They’re lucrative investment opportunities that you don’t want to miss out on. Contact Phil at Phil@xperiencerealty.com.au or 0447 048 961 to book an inspection ASAP.

Disclaimer: Xperience Realty has been furnished with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.

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