An absolute fantastic opportunity awaits the astute investor, developer or land banker.
An original home on an allotment measuring 585m2 (15.63m x 38.4m) of land approximately offering a huge number of bedrooms totalling 8!
This rooming house meets all council requirements with permit in place and currently returning an incredible $41,000* per annum approx. which states this investment opportunity offering an impressive high yield, professionally and successfully operated for several years, with a high occupancy rate achieved.
Downstairs, there is a modern updated kitchen with 5 good size bedrooms, whilst another offering full en-suite and butler’s pantry. Upstairs there are 2 further large bedrooms serviced by a good sized bathroom. Inclusive to the 8 bedrooms , there are 3 bathrooms, 3 toilets, single carport plus ample off street parking space with brick veneer construction.
Walking distance to Burwood Heights Shopping Centre and Burwood One Precinct plus moments to Deakin University, Mount Scopus, PLC and tram at doorstep. Further being a short drive to Box Hill Central and The Glen.
Excellent property to explore the variety of development options; ideal for multi-units/terrace, medical or ideal investment for land banking. [(All Subject to Council Approval/Permission (S.T.C.A.)]
– Residential Growth Zone 2
– Approved Council Permit for Rooming House
– Potential for Multi-Unit/Terrace Site (S.T.C.A.)
– Walking distance to Burwood Heights Shopping Centre and Burwood One Precinct
In Mount Waverley Secondary School Zone
– Tram at Doorstep
– Close to Deakin University
– Close to PLC
PLEASE NOTE: LAND 15.63m* x 36.58m* = 585m2* approx.
*ALL MEASUREMENTS ARE APPROXIMATELY
Please Note: [All Subject to Council and other Local and State Government Authorities Approval and Permission (S.T.C.A.)]
This offering is not to be missed with the fast growth and rapid change of Burwood East over the past 15 years and even further exciting plans set for the future.
Please contact Leo Lu on 0430 334 421 or Dennis Dellas on 0412 043 694 for further details and a confidential discussion on your future plans with 95 Burwood Highway, Burwood East.
* Current Rental Return.
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