How to get great rental income from a small lot ?

We created this block in an inner city location with the view of holding it and Its a cracker of a spot!

Then we built a 5 bed 5 Bath Mini Boarding house / Rooming accommodation

Walking distance to Trains and Buses – No need for a car – but we do have off street parking.

Walking distance to shops, pubs and cinema’s – like living in Paris or London but with trees!

Rooms are self contained – People are flocking to this type of accomodation They love having their own bathrooms and kitchenettes and being fully furnished makes moving in all that much easier.

Are they student accommodation you ask ?? – NOooo – Semi professionals of all ages line up for these modern well appointed rooms. I have professors – pensioners – engineers quite a variety of people.

Return on income is approximately 12% Gross return and 8% Nett without interest

So the How’s ….

Get something on a corner the setbacks are better

LMR zoning gives you better site coverage

The floor plan is creative

Good furniture – not cheap Kmart !

Must be close to transport, Jobs and shops!