Substantial 2 level brick and tile building comprising of 12 rooms each with kitchenettes, 3 bathrooms and multiple toilet facilities. Operating as budget accommodation. Ideal student accommodation, potential to be refurbished, extend and improve your cash flow. Walking distance to shops, public transport.
- Recession proof investment.
- Multiple income stream
- 17m wide frontage
- Zoned R3 Medium Density Residential
- Generous 822sqm parcel
- Passing income $196,000.00 approx p.a on fully lease basis
- Strong letting area
- No heritage or conservation area
- 12.5m Height Limit - FSR 0.7:1
Property Code: 516