2) 20 Room Housing Site - Rockhampton - 70 Rolsover Street Rockhampton (PDF plans)
The site will have a DA approved this week for a 20 room housing site in the middle of Rockhampton. Walking distance to 3 major universities.
Currently shortage of student accommodation in the town.
Expected rent is $300-$400 per week. Potential Income is $312K -$416K plus retail cafe rental.
Purchase price is $650K.
Development cost is expected to be $2.5 million -$2.8million depending on finishes.
Investor Return: High yielding opportunity
Key Advantages: We have QLD based builder that can assist.