Large 810m2 land holding in the heart of New Farm with substancial income derived from the rental of this 25 room guest house.
Fully Accredited Accomodation Facility
Large 2 level house
25 rooms for let
Multiple kitchens and bathrooms
14 of the rooms have undergone new renovations
2 kitchens have been renovated
New toilets have been installed
Rents vary from $185 to $230 per week per room
Income is just under $5,000 per week
Potential to increase weekly income

If you’re looking long term for land to hold in New Farm that can bring in an income until such time as you can redevelop then it’s hard to go past this property. Call me for a confidential discussion on how you can secure this property in one of New Farms best streets.