7 Electra Street, Bundaberg Central

CERTIFIED 14 BED BOARDING HOUSE - CLOSE TO HINKLER CENTER.

EXISTING CASH FLOW AND A REAL OPPORTUNITY TO BE INCREASE WHEN PURCHASED. Owner has 2 rooms for personal use and the rents haven't been increased for well over the currently required term. Having run the establishment for 16 years Owner wants to retire and is leaving increases and possible improvements for the new owner to implement if they wish. Some tenants have been there from before purchased.

Comprising of a high set Queenslander with 8 rooms, kitchen and sitting/dining area. Behind the 2 story concrete and hardy plank building consists of 6 rooms downstairs with kitchen and dining area, and above is a modest 2 bedroom residence that renovations beckons, tons of storage under the Queenslander and a double garage at the rear of the 1/4 acer block. There is a BBQ/ outdoor sitting area between the buildings.

Rents vary with the average $180 per week depending on individuals' cleaning duties and, if accessing the internet is required or running air cons and or refrigerators.

To defray electricity costs, Solar was fitted before the battery era, and it would be wise now to be reassessed with all the improvements that have happened since installation.

The 100 year 2013 flood went through the bottom floor with minimal damage, the upstairs and 8 rooms in the Queenslander were high and dry.

A great investment with lots of potential to increase real cash income.

Inspection DON'T DELAY call Ben Martelli 0404 803 714 TODAY.

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