12/105 Farnell Street Chermside QLD 4032

1 bed motel unit |est $598k value |750m² lot |set-forget investor play| hands-off income |near hospitals |low maint appeal |stable rental $575pw This one-bedroom flat apartment on a 750sqm lot in a motel-style complex suits investors seeking reliable, low-maintenance income streams without owner-occupier hassles. Positioned as unit 12 in a managed block, it delivers pooled rental returns that buffer occupancy fluctuations, ensuring steady monthly payouts. Its substantial lot size stands out among similar units, potentially bolstering long-term holding value in a market favoring larger footprints. Proximity to Prince Charles and St Vincent’s hospitals draws consistent demand from medical visitors and relocators, aligning with the area’s healthcare hub status. Buyers here are typically hands-off investors diversifying into commercial-residential hybrids, drawn by the onsite management that minimizes involvement. Comparable units in the complex have traded briskly, with recent sales around $590k after short market times, signaling solid liquidity. Lacking flood, bushfire or heritage risks, plus school catchments and 5G coverage, it underpins dependable performance. Over time, Chermside’s growth supports appreciation for such assets, as hospital expansions sustain guest turnover. This setup positions it firmly for patient portfolio builders eyeing yield over flips.