* Council approved 10 bedroom boarding house
* Currently fully occupied and returning $1,550 per week
* 11th room is occupied by the owner for office management
* 12th room could be used for a caretaker/spare room
* Gross annual income of $80,600 calculated with 10 rooms occupied at $155 per week
* Total outgoings approximately $11,000 to $12,000 per annum
* Kitchen/bathroom and living areas are shared and common areas
* An alternative to short term (weekly) accommodation is temporary accommodation which would provide a substantial increase in income
* This would suit the very keen investor
* Set on a large 1018m2 block of land