Appleby Real Estate is pleased to offer this exciting investment opportunity.
Situated at the end of a no-through road on a generous 1023 square metre block is a recently updated 11 Bedroom operational Rooming House producing an attractive income with opportunity to grow!
Over the last 30 years this Rooming House had been operating and is now on offer for a new operator to take over and take advantage of this excellent opportunity.
At present, 8 of the 11 bedrooms are occupied returning $1,750 per week, at full capacity it would return in excess of $2,350 per week ($122,200 + per annum).
A number of the current tenants have been long standing residents.
Also on the property is a large garage and storage area (150 square metres approximately) of which could be leased out for additional income.
The property which is 1023 square metres, is within walking distance to Burwood Highway, Bus Stops, Local Shops and much more.
For further information or to arrange an inspection please contact Appleby Real Estate.