FOR SALE
Offer Pending - Still Inviting Further Interest

40 Waghorn Street
Ipswich QLD 4305

Bedrooms: 30
Bathrooms: 4
Car spaces: 8
Land area: 2488m2
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HIGH INCOME EARNING INVESTMENT - $290,000.00 P/A GROSS

A solid income-earning investment, High occupancy rates, and more than half an acre of land.
This fully licensed boarding house and rooming accommodation complex offers the astute investor a steady annual income stream from its 34-room facility at approximately $290,000 p/a with a further $100,000 P/a growth potential, PLUS!!
This complex incorporates a shared type of arrangement between residents with its commercial grade Kitchen, Laundry facilities, toilets, bathrooms, and common areas. While each room offers free Internet, its own Fridge, Bed, & other furnishings. Plenty of parking is available on site for its longer-term residents, along with a huge block of land at around 2,488m2.
Alongside the main dwelling is a medium sized second structure with current development approval for a further 12 rooms. Although quite run down and in need of major work, a substantial renovation would offer increased annual earnings of approximately $100,000 plus, at the current going rate of $165 per week, per room.
Features
- Licensed 34-room boarding house in the heart of Ipswich CBD
- 3-storey dwelling with side access and large block - 2,488m2
- High ceilings, tiled floors, and fresh interiors in most rooms
- Large rooms with bed and storage, fridges, and other furnishings
- 4 bathrooms, 4 toilets, kitchen, and plenty of onsite parking.
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Property Details for 40 Waghorn St, Ipswich

40 Waghorn St, Ipswich is a 30 bedroom, 4 bathroom BlockOfUnits with 8 parking spaces. The property has a land size of 2488m2. The place is currently for sale with Ray White Holland Park.

Building Type
BlockOfUnits
Land Size
2488m2

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About Ipswich 4305

The size of Ipswich is approximately 4.2 square kilometres. It has 11 parks covering nearly 34.1% of total area. The population of Ipswich in 2011 was 2,536 people. By 2016 the population was 2,445 showing a population decline of 3.6% in the area during that time. The predominant age group in Ipswich is 40-49 years. Households in Ipswich are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ipswich work in a professional occupation. In 2011, 40.6% of the homes in Ipswich were owner-occupied compared with 41.3% in 2016.

Ipswich has 1,752 properties.

    There are currently 20 properties listed for sale, and 24 properties listed for rent in Ipswich on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Ipswich.

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    Steve Landeta
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    Piers Crawford
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    Ray White Holland Park
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