36 Olive Street, Nundah, Qld 4012

This is your chance to secure a prime, inner-city investment, with an almost non-existent vacancy rate! Currently returning approximately $166,140 per annum, this 13 bedroom boarding house in the heart of Nundah is one of the last of 250 within Queensland and has the added potential to return up to $205,140 per annum! 

Boasting a history of long term tenants, 36 Olive St, Nundah has accreditation for 17 residents providing the lucky new owners the potential to increase the yearly return by a mammoth $39,000 p/a! 

Positioned on a tidy 399m2 corner block, this charming Queenslander provides a versatile addition to your portfolio with the added benefit of street appeal being in one of Nundah's best leafy streets. With a long waiting list of tenants, any investor looking for security and strong returns need look no further. 

This premier position provides unparalleled convenience to Nundah Village and local shops/cafes, in addition to walking distances to Boyd Park & Kalinga Park. Within direct catchment to Mary Mackillop College, St Joseph's Catholic Primary School and Nundah State School, 36 Olive St presents a handsome offering to also suit potential homeowners. 

Property Highlights:

• Well built, solid Queenslander that can be converted back to a family home
• Currently returning = $166,140 p/a from 13 units
• Potential to add more rooms to achieve new total yearly income = $205,140 p/a
• Currently registered as a 13 bedroom boarding house with accreditation for 17 residents 
• Long term tenants with non-existent vacancy rates due to high wait list & demand for rooms
• Only 250 boarding houses left in QLD (previously 400+ only 3 years ago)
• No rent arrears as rent is paid directly through Centrepay/Centrelink 
• Freshly painted exterior 
• No GST on the property
• Low maintenance yard


What you will love:

• 800m to Nundah Train Station
• 1km to Nundah Village
• 3.7km to Westfield Chermside 
• 6.1km to the Brisbane Airport
• 12km to Brisbane CBD

This highly desirable opportunity is one not to be missed. The fast growing community of Nundah is one of the Northsides' most in-demand suburbs. Whether you're a seasoned investor or curious about adding a substantial property in an exceptional location to your portfolio, reach out today. 

For further information or to arrange a private viewing, please contact Viet Tran or Claudia Rocha.

Welcome to 36 Olive Street, Nundah.