7 Electra Street, Bundaberg Central

CASH FLOW INVESTMENT 14 BED BOARDING HOUSE PLUS 2 BED ACCOMIDATION. CLOSE TO HINKLER

LOCATION LOCATION LOCATION . Presently 12 rooms occupied, Owner has 2 rooms for personal use that can be add to rental list making a total of 14 room. Having run the establishment for 16 years Owner wants to retire.
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 beckon, 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 $190 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 residence and 8 rooms in the Queenslander were high and dry.
A great investment with lots of potential to increase real cash income. WOULD SUIT OWMER OPERATERS /HANDY PERSON TO MAXIMISE YOUR PROFIT.
Inspection DON'T DELAY call Ben Martelli 0404 803 714 TODAY.
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