155, 155A & 157 Braun Street, Deagon, Qld 4017

MULTIPLE HIGH-YIELDING ROOMING HOUSE ASSETS

155, 155A & 157 BRAUN STREET, DEAGON

BUY ONE, BUY TWO OR ACQUIRE THE ENTIRE PORTFOLIO

155 Braun Street, 155A Braun Street & 157 Braun Street, Deagon QLD

Upside Ave is pleased to present a rare opportunity to acquire individually or all together in one line - three purpose-built Rooming House / Multi-Occupancy Accommodation (MOA) assets positioned within Brisbane’s tightly held northern bayside corridor.

Detailed Information Memorandum and DD Pack available upon request.

INVESTMENT HIGHLIGHTS

Combined, the portfolio generates:

• Gross Income @ Current Lease Rents: $327,674.70 p.a.

• Gross Income @ Market Value Rents: $348,023.93 p.a.

• Indicative Net Return @ Current Lease Rents: $293,107.27 p.a.

• Indicative Net Return @ Market Value Rents: $313,456.59 p.a.

Each property contains 5 individual tenancies and benefits from modern improvements completed in November 2022 together with remaining structural warranty coverage through to May 2029.

The assets also include:

• 39.42kw combined solar infrastructure

• Existing operational systems and tenancy structures

• Low Density Residential (LDR) zoning

• Approx. 727.2m2 combined building area

• Approx. 1,215m2 combined landholding

Individual Property Highlights:

155 Braun Street, Deagon

• 5 Tenancies

• 307m2 Land Area

• 244.5m2 Building Area

• Gross Income @ Current Lease Rents: $106,963.88 p.a.

• Indicative Net Return @ Current Lease Rents: $96,505.88 p.a.

155A Braun Street, Deagon

• 5 Tenancies

• 601m2 Land Area

• 238.2m2 Building Area

• Gross Income @ Current Lease Rents: $108,529.20 p.a.

• Indicative Net Return @ Current Lease Rents: $96,341.53 p.a.

157 Braun Street, Deagon

• 5 Tenancies

• 307m2 Land Area

• 244.5m2 Building Area

• Gross Income @ Current Lease Rents: $105,398.55 p.a.

• Indicative Net Return @ Current Lease Rents: $94,203.69 p.a.

SALE PROCESS

The properties are being offered via Private Treaty.

Buyers may submit offers on:

• Individual properties

• Multiple properties

• The entire portfolio

Offers may be submitted:

• Unconditionally; or

• Subject to conditions including finance and due diligence.

A comprehensive Information Memorandum and supporting Due Diligence Pack are available to qualified buyers upon request.

Contact the exclusive marketing agents to request the IM and further information.

DISCLAIMER:

All information and figures are indicative only and subject to purchaser due diligence. Buyers should obtain independent legal, taxation and financial advice prior to entering into any transaction.