OUTSTANDING INVESTMENT OPPORTUNITY – LICENSED AND TENANTED ROOMING HOUSE
An exceptional investment opportunity in a prime Grovedale pocket – this fully licensed and tenanted rooming house is returning approximately $75,000 per annum and offers immediate income from day one.
Set on a 650sqm (approx.) allotment and currently managed by Verdi Property Management, this solid brick 7-bedroom registered Rooming House has been purpose-built for student accommodation. Each bedroom includes built-in storage and is thoughtfully positioned to maximise privacy, while a recent upgrade features a modern bathroom with disability access.
The spacious open-plan communal living zone flows effortlessly to a large covered pergola – ideal for year-round entertaining and tenant enjoyment.
Perfectly positioned close to Grovedale Central Shopping Centre, and within walking distance of Waurn Ponds Shopping Centre, Deakin University, Epworth Hospital, local schools, and public transport. Easy access to the Geelong CBD and Surf Coast further enhances the appeal.
With strong rental returns, a sought-after location, and a solid, low-maintenance setup, this is a rare opportunity for savvy investors to secure a high-performing asset with excellent long-term growth potential.
Rental Summary (Total Annual Income: $74,620):
Room 1 – $190pw
Room 2 – $270pw
Room 3 – $190pw
Room 4 – $190pw
Room 5 – $170pw
Room 6 – $230pw
Room 7 – $195pw
All leases are due for renewal in 2026.
*All information about the property has been provided to Hayeswinckle by third parties. Hayeswinckle has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
