A Victorian mansion used as short-term residential accommodation, Kangaroo House provides the perfect opportunity for investors to capitalise on Brisbane’s rental supply shortage.
Built in 1891,Kangaroo House is located at 27 Enogerra Terrace, Red Hill.
The 625sqm site comprises 16 individual boutique bedrooms, six bathrooms, communal areas plus extensive verandahs and common living areas, experiencing spectacular views from many areas of the house.
The property is being brought to market by Ray White Special Projects agents Andrew Burke and James Hanley.
With an annual gross income of $153,660*, Mr Burke said the property had rental uplift opportunity as well as huge capital growth prospects due to its proximity to the city.
“Kangaroo House is the perfect investment for buyers wanting to capitalise on the current severe undersupply of rental opportunities in the Brisbane metropolitan area,” he said.
“It’s the ultimate set and forget asset with strong long-term occupancy.
“The quality investment opportunity is located in the highly sought after suburb of Red Hill.
“Red Hill is characterised by its edgy café scene, with cafes and the Red Hill cinema right across the road from Kangaroo House.
“The suburb is a predominantly residential area set in hilly terrain offering a wonderfully convenient lifestyle.”
Mr Burke said the property’s close proximity to amenities the Paddington dining and retail hub, Herston Health Precinct, Royal Brisbane Women’s and Children’s Hospital, as well as QUT’s Kelvin grove campus was a huge drawcard.
The property will be sold via auction on May 27 at 10.30am.