25 Smith St, Cleveland, QLD

"Turnkey 5-Bedroom Rooming House in Cleveland with 8.3% Yield"

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Investment Highlights

Located in Cleveland, QLD, this 5-bedroom, 5-bathroom turnkey rooming house offers a projected annual gross income of $113,880 and an 8.3% yield. The design includes private living spaces and modern fit-outs, tailored for high occupancy and strong rental demand in a rising area.

Financial Performance

Strong rental yield and stable income metrics:

• 8.3% indicative gross rental yield
• $113,880 projected annual income
• Land contract at $725,000 and build contract at $635,992

Complete Turnkey Package

Fully inclusive package offering premium features and ready-for-tenant setup:

• High-density wall insulation and solid core studio doors
• Digital locks, LED lights, smoke detectors, and air-conditioning in each studio
• Custom blinds, barrier screens, and fitted wardrobes
• Solar system (13kW), two hot water systems, tiled shower niches, and vanity units
• Concrete external paths, patios, driveways and car parking

Prime Location

Situated at 25 Smith Street, Cleveland, this property benefits from proximity to key amenities, public transport, and employment hubs in a well-established coastal suburb with solid tenant demand.

Property Specifications