Offering a unique opportunity to purchase an investment property on 545.5 sqm of land offering certainty of income with capital growth and a land tax exemption.
Single property converted into 8 individually tenanted rooms some with ensuite currently generates cash flow of $161,200 in gross income – a gross yield of up to 5.75%
This property is a Class1B Rooming House that comes fully furnished with appliances…
It has all the necessary council approvals and is registered for use.
All rooms have access to the central kitchen and dining area, laundry with washing machines, gazebo and enclosed entertainment area.
Prime Location with Excellent Accessibility:
– Northcote Train Station: 5-minute drive or a 15-minute walk
– Bus Stop (Bus 508): Just a 1-minute walk.
– Tram Stops (No. 96 and 11): 8-minute walk.
– Northcote Plaza Shopping Centre: 6-minute drive.
– CERES Shops: 11-minute walk.
Offering comfort, convenience, and privacy in the prestigious Sumner Estate. Located on Zoe Circuit in Northcote, this house borders Brunswick East and is surrounded by the tranquil Merri Creek parklands, providing a serene yet well-connected living space.
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