2 Merrilands Road,
Reservoir, VIC 3073
Medical & Consulting • Shops & Retail • Hotel, Motel & Leisure
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Allard Shelton - MELBOURNE
Level 3, 267 Collins StreetMELBOURNE, VIC 3000
04173093...
2 Merrilands Road
Reservoir, VIC 3073
Map of 2 Merrilands Road
HIGH YIELDING ROOMING HOUSE INVESTMENT
- High yielding investment opportunity
- Returning $115,400 as of January 2023
- Strong rental uplift potential
Gorman Allard Shelton is pleased to offer for private sale, this highly sought after and rarely found residential accommodation investment opportunity.
This modern rooming house offers eight (8) private, fully self-contained rooms that are all fully let, providing a combined annual income of $109,200. The property has been maintained to an extremely high standard and this is further highlighted by its current 100% occupancy.
Key property attributes include:
- Total building area of 299sqm (approx.)
- Total land area of 763sqm (approx.)
- Current annual rental of $109,200
- Eight (8) private, fully self-contained rooms with own kitchenette, bathroom and courtyard
- Significant rental uplift potential
- Six (6) on-site car spaces
- Outstanding access to major arterial roads and public transport amenities
- Located directly opposite Keon Park train station which is set to undergo a major redevelopment
- Highly-sought after investment opportunity
This modern rooming house offers eight (8) private, fully self-contained rooms that are all fully let, providing a combined annual income of $109,200. The property has been maintained to an extremely high standard and this is further highlighted by its current 100% occupancy.
Key property attributes include:
- Total building area of 299sqm (approx.)
- Total land area of 763sqm (approx.)
- Current annual rental of $109,200
- Eight (8) private, fully self-contained rooms with own kitchenette, bathroom and courtyard
- Significant rental uplift potential
- Six (6) on-site car spaces
- Outstanding access to major arterial roads and public transport amenities
- Located directly opposite Keon Park train station which is set to undergo a major redevelopment
- Highly-sought after investment opportunity
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Property ID: 504158347Last Updated: 12 Jan 2023
Allard Shelton - MELBOURNELevel 3, 267 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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