24 Craig Avenue, Ferntree Gully, VIC, 3156, Australia

ANSWERS TO FAQ. PLEASE READ CAREFULLY BEFORE CALLING.

- The property is currently self managed by the owner, however it can be leased through a managing agency if required.
- The current owner has been managing it for 6 years.
- The property CANNOT currently be subdivided.
- The marketing range is $880,000 - $960,000. We will entertain any reasonable offers.
- It is being sold via private treaty. There is no auction.
- The property is being run as social housing. Majority of the tenants are paying rent via centrelink.

It's Addressed:

• Incredibly Rare Investment Opportunity
• High Yield Rental Return With 7 Existing Long-Term Tenants.
• Located In A Premium Suburb Known For Explosive Capital Growth.

This registered and licensed rooming house offers a high rental income, making it an ideal investment opportunity.
At present, 7 of the 8 bedrooms are occupied returning $1,420 per week, at full capacity it would return $1,660 per week ($86,320 per annum).

A number of the current tenants are long term residents and this rooming house has been operated for approximately 25 years.

For a detailed list of all outgoings please contact the agent.

The home features 8 bedrooms, 5 bathrooms, 2 kitchens, a fully separate laundry, a substantial sized 1,003m² block with the option to build your dream home down the track (STCA), a second driveway/space to place a caravan or trailers etc.

It is within walking distance to Ferntree Gully Railway Station, Local Shops, Bus Stops, Schools and much more.
Don't miss this unique opportunity to secure a property in Melbourne’s South East with excellent rental return. Please contact us if you require any further information or assistance.

For more Real Estate in Ferntree Gully contact your Area Specialist.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.