7 McPhail Street, Zillmere, QLD 4034

This brand new, high-quality rooming house presents an outstanding opportunity on a low maintenance 404m² block. Purposefully designed to attract and quality reliable tenants, the property offers a rental return of $2,060 per week ($107,020 per annum), delivering an impressive 7.5% gross yield.

Each room functions as a fully self-contained one-bedroom unit, complete with a bedroom, living area, kitchenette, bathroom, and air conditioning. Tenants also have access to a shared kitchen with an oven, cooktop, rangehood, and sink, as well as a laundry area featuring two washing machines, overhead storage, and a large sink.

Perfectly positioned within walking distance to key amenities:

* The property's location is ideal, offering a range of transport options for tenants, including multiple bus stops within a one-minute walk and Zillmere train station just a five-minute drive away.

* Taigum Square offers a variety of shops, including Woolworths, dine-in and takeaway restaurants, pharmacies, and health services, all just a short 350m walk away.

What is a Rooming House and why Brisbane?

Rooming Houses are a relatively new, but increasingly popular concept in Brisbane. Around 3% of the rental market in Brisbane are Rooming Houses.

They can be found across many Brisbane suburbs and usually contain 5 micro apartments that can be leased out individually (single occupants only), generally on either 6 or 12 month leases.

The houses are generally custom built with each of the 5 suites containing its own living area, kitchenette, bathroom and bedroom. The suites are typically fully furnished and include all services (electricity, internet and water usage) in the rent. Typically, young professional or older separated people are the main occupants.

A number of rooming houses have been constructed over the last 5 years and their popularity is a result of their high yielding, low risk offering. Most rooming houses generate significantly more income than their outgoings resulting in around $20k - $35k of s cash flow.

Finished Rooming Houses rarely hit the market, due to the shortage of affordable land in Brisbane, coupled with the fact that most investors retain them for the positive cash flow they generate.