This stunning 9-studio established rooming house investment property is a proven money-maker! Exceptionally well located in sought after bayside Frankston it is within walking distance of shopping, cafes, parklands, train and bus stations. Proximity to University, TAFE and Frankston Hospital adds to tenant appeal. The property was designed and solidly built by Simal Constructions, featuring separate kitchens, private courtyards and reverse cycle air conditioning and heating to each studio. All tenants have access to the central kitchen as well as a coin-operated laundry facility in the building. This Rooming House includes * Large separate kitchenettes with plenty of cupboards for storage and refrigerator supplied in each studio * Room for 1 queen sized bed and more in each room. * Each studio with own ensuite, with wall-to-wall tiles, luxury DOUBLE shower, toilet, all with quality fittings * Each studio with built in wardrobe with double doors * Each studio with reverse cycle air conditioning/heating * Private outdoor fenced courtyard, which tenants maintain as part of lease * Flyscreens on every sliding door and window * WIFI available and set up, supplied to rooms, earning additional income * Residents have access to onsite common kitchen and laundry, with coin-operated washing machine available * Residents pay additional rent for parking onsite for 4 car spaces, earning additional income Built in 2018, this single storey property situated on a 653 m2 (approx.) block delivers trouble free low-maintenance, whilst 9 individually tenanted rooms currently generate cash flow of approx. $140,000.00 in gross annual income. This purpose-built property has all the required Class 1B permits and is fully compliant with Rooming House minimum standards. This investment offers certainty of income to savvy investors, with long term tenancy agreements in place. Be quick because this investment opportunity will seriously not last long!
