Lot 1108 Cleveland QLD

Description

This is a fully turnkey Rooming House investment package located in Cleveland, QLD. The property includes 5 self-contained studios designed for high-yield rental income. The house spans 200m2 on a 456m2 land allotment. It is SMSF-friendly with a one-part contract option available.

Suburb profile:

Cleveland is a coastal suburb in the Redland City region of Queensland, approximately 25km southeast of Brisbane CBD. It is well connected by rail and bus services and offers a range of amenities including the Cleveland Central shopping precinct, schools, medical centres, and waterfront attractions. The area appeals to both professionals and families and continues to experience demand due to its proximity to the bay and lifestyle appeal.

Site Inclusions - Site Works, Foundations & Connections:

• Concrete to driveway, crossover, car parking, patios, clothesline pads and paths (where applicable)

Internal Inclusions:

• High-density wall insulation to internal perimeter walls of each studio to assist with acoustic transmission
• Flush panel solid core door to each studio
• Quality Dulux 3-coat paint system
• 6 digital door locks (BLE & WIFI chips built in)
• 1 reverse cycle split system air-conditioner to each studio
• Emergency lighting and smoke alarm to comply with Class 1B legislation
• Sliding mirror finish aluminium frame wardrobes with 4 melamine shelves and 2 overhead melamine shelves with single rail
• 2 ceiling fans per studio (one to bedroom, one to living room)
• 1 ceiling fan in the common area
• Block out roller blinds to all openable windows (excluding bathrooms)
• Block out vertical blinds to all sliding glass doors
• Tiled shower niche for all showers
• Vitreous China toilet suites in each bathroom

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors
• Concrete finishes to external functional areas
• WELS rated chrome plated brass mixers
• ABS shower heads on chrome plated rails

Landscaping Inclusions:

• 120m2 of landscaping and 60 lineal meters of fencing

Electrical Inclusions:

• Hard-wired smoke detectors with battery backup in accordance with legislation
• Emergency lighting
• Digital locks with integrated Bluetooth and WiFi

Furniture Pack Inclusions:

• Optional furniture package for $28,000 fully installed and tenant-ready
• Includes:
• 5 x 40 inch LED Smart TVs
• 5 x 223L Fridge/Freezers
• 2 x top-load washing machines
• Furniture for 5 studios (bedroom and living area)
• Furniture and finishing for common area
• Cleaning appliances
• All appliances, cooking, crockery, and cutlery

Energy Efficiency:

• 13kW photovoltaic solar system (connection to provider by owner)

Warranties:

• Warranties (if Warranties are provided otherwise leave it blank):
• Truecore steel frame and trusses backed by BlueScope 50-year structural warranty
• 1 year material and workmanship guarantee from practical completion

This Rooming House investment offers a high-yield opportunity in a well-connected suburb of Cleveland, QLD. The turnkey package, with SMSF compatibility and optional furniture package, ensures convenience and immediate rental readiness.

Single-person households are on the rise, accounting for a significant 25% of all households in Australia. This trend shows no signs of slowing down, and experts project a continued growth in single-person households, reaching an estimated 3 to 3.5 million over the next two decades. This surge underscores the increasing demand for housing options tailored to individual occupants.

Rooming house properties represent a form of shared accommodation, offering private bedrooms with ensuite bathrooms, and often including living and kitchenette facilities akin to a compact, one-bedroom unit or apartment. These properties appeal to tenants seeking affordable, adaptable, and hassle-free living arrangements that align with their lifestyles and requirements.

Many rooming houses are strategically situated in suburban areas, providing proximity to transportation, shopping centers, restaurants, cafes, and community hubs—making them an enticing choice for tenants.

Typical rooming house tenants encompass young professionals, students, digital nomads, entrepreneurs, creatives, and seniors who priorities convenience, connectivity, and collaboration.

For investors, rooming house properties offer a compelling value proposition. They present a high-yield, low-risk, and forward-looking investment opportunity. Rooming house properties consistently maintain higher occupancy rates, lower vacancy rates, and reduced turnover compared to traditional rentals. This aligns with the burgeoning demand for affordable and flexible housing solutions in urban settings.

Additionally, rooming house properties often boast higher capital growth potential, given their prime locations with access to transportation, education, employment, and entertainment hubs.

Why are rooming houses so attractive to investors?

- High Demand, rooms are in high demand, ensuring quick occupancy.

- Higher yields, often double compared to the suburb average.

- Diverse young professionals and older singles generally seek this accommodation category.

- Tax depreciation benefits from fixtures and fittings.

- Income security, with income flow even when one tenant moves out.