83 Stephens Road

South Brisbane QLD 4101

Investment Opportunity
This 25 room student accommodation, is ready for an active investor looking for untapped potential. The property is situated in the heart of South Brisbane. It is across the road from St Laurence's School, just around the corner from the Children's and Mater Hospitals and a short bus ride away from QUT University in Brisbane. The rental potential is truly limitless with the amount of tenancy demand in the area from the housing, student and hospital sectors.

Investment Potential
1. Continue running as a student accommodation
2. Convert to standard rooming accommodation (subject to council approval)
3. Convert to hospital/nursing accommodation (subject to council approval)

Development Opportunity
Being on a corner block of 1,208m2, the site displays its own excellent potential to increase the value of your purchase or sell the additional land to increase the return on your investment.

Development Potential (All subject to council approval)
1. Subdivide rear block, sell land for quick turnaround
2. Subdivide rear block, build residence and sell home
3. Build additional rooms on the rear block for greater income returns yearly

Property Features
- $340,000/yr Historical Rental
- 25 Large Bedrooms (currently vacant)
- Each room with Metred Airconditioning & Fully Furnished
- Commercial Kitchen
- Large indoor and covered Communal Space
- 2 Bathroom Blocks
- 1,208m2 in SOUTH BRISBANE
- Ample Car Parking and Storage
- Renovate to get more income!

Location Benefits
1km | BRISBANE CBD
10m | St Laurence's College
400m | Queensland Children's Hospital
400m | Mater Hospital Brisbane
600m | South Bank
900m | Cross River Rail (New Development)
1.2kms | Queensland University of Technology
1.3kms | The Gabba Stadium
1.4kms | University of Queensland
1.5kms | Princess Alexandra Hospital

Please contact Adam on 0437 669 426 to express your interest.

Disclaimer - All information and suggested property options contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed investment and development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.