54 The Avenue, Ferntree Gully, VIC 3156

Hotel/Leisure | Other

For Sale Contact Agent

  • Property ID: 392098
  • Floor Area: 1m²
  • Land Area: 1023m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)

Situated at the end of a no through road on a generous 1023 square metre block is a recently updated 11 Bedroom operational Rooming House producing an attractive income with opportunity to grow!

Over the last 30 years this Rooming House had been operating and is now on offer for a new operator to take over and take advantage of this excellent opportunity.

At present, 9 of the 11 bedrooms are occupied returning $1,970 per week, at full capacity it would return in excess of $2,350 per week ($122,200 + per annum).
A number of the current tenants have been long standing residents.

Also on the property is a large garage and storage area (150 square metres approximately) of which could be leased out for additional income.

The property is within walking distance to Burwood Highway, Bus Stops, Local Shops and much more.

For further information or to arrange an inspection please contact Appleby Real Estate.

Ferntree Gully Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $100 ---
Retail --- $343 ---
Offices --- $343 ---
This is the average advertised price, rent and yield for Ferntree Gully, VIC 3156*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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