Purpose Built Student Accommodation Returning $61,000 approx PA
This near new purpose built and designed student accommodation property offers the very best floor plan to accommodate 7 new individual leases returning approximately $61,000 PA in income. Fully furnished and with all council regulations and CAV minimum standards approved, this property really does provide this ideal investment vehicle to supply fantastic cash flow and also a great investment in one of the active growth corridors Geelong has to offer.
Perfectly located with walking distance to the train station, minutes to Deakin University and a quick drive to the Waurn Ponds shopping and entertainment precinct.
The floor plan provides for 7 large bedrooms, 2 full bathrooms and undercover parking for 2 cars. Heating and cooling are supplied and internet services, with multiple living spaces comprising the floor plan. Also complete with depreciation schedule, this property is the ideal passive income property with returns like these really only ever found with commercial real estate and in excess of million dollar properties. Be quick!
Lot/Plan No: 489/PS631700