190 Sibley Road, Wynnum West QLD 4178

Purpose-built rooming complex | Fully tenanted into 2026 | 9.3% gross yield | Near Lindum station This property presents a rare, turn-key investment in a high-demand rental corridor. Its configuration as a modern, purpose-built rooming complex with five self-contained studios is operationally efficient and captures a strong yield from a diversified tenant base, ideal for an investor seeking immediate income with minimal management overhead. The long builder’s warranty and included furnishings further reduce near-term capital demands, positioning it as a low-touch, cash-flow positive acquisition from day one. Your primary risk is the concentrated exposure to the rooming house model, which is sensitive to local by-law changes and carries higher tenant turnover costs than a standard rental. The significant valuation discrepancy between sources also suggests market uncertainty, requiring a conservative purchase price anchored to demonstrable income. Acquire at a price that secures a yield buffer over standard apartments, and hold to benefit from depreciation schedules while the existing leases run their course.