Highly Attractive Investment Opportunity

Quietly located in a beautiful tree lined street, this unique property offers astute investors a terrific income opportunity combined with the security of a bricks and mortar investment and a land component of 756 sq m approximately.<br/><br/>Configured as 3 individual one bedroom apartments, sharing only a common entrance foyer, the property benefits from high quality contemporary renovations in recent years and quality fixtures and fittings throughout. <br/><br/>Currently operating as a licensed rooming house with all the required registrations and permits, the current gross rental yield is in excess of $60,000 per annum. providing a terrific income stream as well as growth potential in the future.<br/><br/>Others may be attracted to the superb northerly rear aspect, the quiet rear location with a private driveway, and potential to rebuild or further develop (STCA) now or in the future.<br/><br/>Whichever way you look at it, a quality investment in a first class location, providing easy access to the 109 Tram in Whitehorse Road, the new station being built in Surrey Hills, a selection of local cafes, restaurants, specialty shops and supermarkets, hospitals, Box Hill Central, sought after schools and much more.<br/><br/>* Unique property on 756 sq m approx. <br/>* Currently a licenced rooming house with gross rental yield in excess of $60,000<br/>* Configured as three individual one bedroom apartments<br/>* Superb north-facing rear<br/>* Potential to rebuild or further develop (STCA)<br/>* Near the 109 tram, the new Surrey Hills train station and sought-after schools<br/><br/>Terms: 10% deposit, balance 60 days subject to leasing arrangements<br/><br/>