Built in 2020, this double storey, single property of 9 individually tenanted rooms currently generates cash flow of $150,800 in gross income – a yield of 9% plus. A market rental review would support increases for 7 of the 9 rooms to generate a gross income of $159,120 – a yield of 9.5%.
It is a passive investment being managed by The Hopkins Group .
The Property has all the required Class 1 B permits, and is fully compliant and registered with the Council.
This investment offers certainty of income, land tax exemption, and division 43 depreciation benefits.
The property is well located in the sort after bayside suburb of Seaford, within walking distance of the beach, shopping, cafes, parklands, and both the train and bus stations.
The property was designed and purpose built by industry leaders Modo, with high ceilings, a balcony or terrace and ensuites for all 9 rooms, with reverse cycle air conditioning and heating to each room.
All rooms have access to the central kitchen as well as a coin operated laundry facility in the building.
These high returns and capital growth potential make this a unique investment.
Get the latest news and insights from The Hopkins Group, as it happens.
Street Address
Postal Address
Contact Us
Office Hours
