Property ID: 1P1515

1/131 Merthyr Road New Farm QLD

$2.4M
  • Leisure
  • For Sale
  • 442 sqm
  • 442 sqm
LEASED UNTIL 2025 - PRIME INVESTMENT OPPORTUNITY
- Leased until 2025
- 25 rooms plus managers office
- Kitchen facilities
- Private Courtyard in landscaped garden surrounds
- Recently reroofed / Solar Panels
- Central New Farm location

A rare and exciting opportunity exists to purchase a well maintained residential accommodation facility in a prized New Farm position. Currently leased until 2025 and reaping strong rental returns, there is still scope for the investor to enhance and add further value in future.

New Farm is located approximately 2kms east of the CBD and borders the suburbs of Newstead, Teneriffe and Fortitude Valley. It is one of Brisbane's most popular and affluent suburbs and features an eclectic mix of character properties and new residential unit developments. It is well serviced by amenities, retail and public transport.

Please call Geoff Esdale on 0408 787 082 for further information and to schedule your inspection.

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