This purpose-built multi-accommodation property is is sure to impress with its size, location, and modern design. Built in 2018 and set on a 735 sqm block, the property boasts two levels of accommodation, and its close proximity to the James Cook University ensures there is a steady stream of demand year after year. James Cook University is Queensland’s second oldest University with additional campuses in Brisbane, Cairns, and Singapore, attracting students both interstate and internationally. With more than 4,100 employees and over 20,000 students each year, accommodation on campus has a capacity of only 1,700 ensuring rentals off campus is in demand, particularly within a close locale.

Overview:
– 2022/2023 Financial Year saw an income of $81,991
– Current rental income is $1,610 per week in total – Gross Yield 7.82%
– Purpose built double story accommodation over two floors with seven bedrooms and seven bathrooms – 340 sqm under roof
– Minutes drive to the James Cook University or a 20-minute walk using walking tracks at the end of the street
– All tenants are on fixed-term leases and have a private room and bathroom – all have individual door locks
– Both floors feature 2.7m ceilings, LED lighting and split system air conditioners, and the property is fully security screened
– Generous-sized rooms include a double bed and bedside table, and each weekly rent includes internet and electricity
– Two laundries include washers and dryers, and two kitchens include refrigerators, microwaves, dishwashers and toasters
– Two solar panel systems on the roof totaling 13KW
– Leases are managed by a professional real estate company with regular three-month inspections and maintenance issues attended
– Fire safety system for each floor including fire extinguishers, fire blankets, evacuation plans, and exit lighting, plus smoke alarms to current codes are installed
– Strong depreciation schedule

Ground Floor:
– Open plan lounge, dining, and kitchen include sofas, rugs, dining table and chairs, TV, split system air conditioner
– Both bedrooms are carpeted with split system air conditioners and built-in robes
– Laundry with washer and dryer, sink, and behind enclosed cupboard
– Kitchen has stone benchtops, dishwasher, refrigerator, and plenty of bench space
– Bedroom A has an ensuite with vanity, shower, and toilet, and Bedroom B has a two-way bathroom with shower/tub combo, vanity, and toilet
– Parking for two vehicles in the garage is assigned to these two rooms

First Floor:
– Lounge room with two couches, rugs, TV and cabinet, split system air conditioner
– Open kitchen with dual Fisher and Paykel refrigerators, electric cooktop, oven, rangehood, dishwasher, stone benchtops, large island with breakfast bar, multiple cupboards, and a walk-in pantry
– Dining area with table and chairs facing the front balcony, also with glass table and chairs
– All bedrooms have carpet, and ceiling fans and four have ensuites – the fifth has its own private bathroom with entry from the hall
– Internal laundry with washer, dryer and sink, and side yard entry
– Front pebblecrete parking space for two vehicles with the other three parking off-site

This is a very well-constructed investment property that is both young and modern, professionally managed, and in a location where demand is high ensuring constant occupation.