LICENCED BOARDING HOUSE ON SIGNIFICANT SITE WITH EXCELLENT RETURNS

“DENMARK HOUSE” – 40 WAGHORN STREET, IPSWICH

LICENCED BOARDING HOUSE & ROOMING ACCOMMODATION

This Fully Licenced and beautifully operated Boarding House is located in Ipswich City very proximate to the CBD, Close to Public Transport of Buses & Train (within 1 km), Hospitals, Shopping Centres and The University of Queensland which all add the the constant 90% occupancy rate it enjoys at minimum all year round.

The facility boasts 47 Rooms (registered for 51 people) and a pre-lodgement meeting with Council has indicated that an extension of an additional 30 rooms would be permissible increasing the excellent earner that this property is offering a 10% or greater return on investment.
The two buildings occupy a generous 2,488sqm (more than Half an Acre) which is also a considerable investment and may hold further potential in the future for development so close to the CBD in this elevated position.
All rooms have private Fridge, Bed, Wardrobe & other furnishings.
The complex incorporates Commercial Kitchens, Laundry facilities, common areas, Free Internet throughout and is accredited for Fire and Safety etc. 9 Carparks and generous open space add to the appeal of the facility.
The current owners manage themselves and financials and other details are available upon execution of a Non-Disclosure Agreement.

Please Contact our Professional Consultants

BRETT NEESON 0427 730 606
BROOKE GIBSON 0404 129 984

Personal Assistant
JANINE KASPER
0407 873 587
07 3367 8687