43 Edgar Street, Werribee VIC 3030

$1,600,000- $1,750,000

9 beds

9 baths

9 parking

Circa 10% (approx. +/-) Returns on your investment dollars. Prime opportunity!

This is one of those opportunities that if you are capable of jumping on, you absolutely grab with both hands.

This nine room-rooming house attracts individual tenants with its serviced apartments that are primely located close to the Werribee CBD while also being quite comfortable and well appointed to your tenants keeping them in demand. Individually, this year they will attract a weekly rent of $350 per week ($18,200 Per Annum), remembering that there is nine of them, so this years' rent is expected at $163,800 (approx.) when you run the math…you are in the region of 8-9% return on investment (approx.) which is obscenely good and just not heard of.

The residence itself comprises of 9 individual rooms where they are all fully serviced with individual ensuites, queen sized bed, flat screen televisions, split system heating and cooling and a utility bench with sink, while the ground floor apartments also benefit from individual private court yards. Food preparation and laundry utilities are available via the common kitchen and meals/dining room comprising modern appliances including dishwasher and separate laundry complete with washing machine and dryer.

Off street parking is easily available with thanks to the properties 843M2 allotment (approx.), hence with a huge rear yard for parking or even entertaining guests.

Only a few kilometres from the Werribee CBD, your tenants have very simple access to shopping, public transport including the Werribee Train Station and an array of lifestyle options entailing café's, parks, the Werribee River walking, bars and other night life.

Tenant's happy, TICK!

Photo ID required at every open inspection

Property Details

• Type: House
• Bedrooms: 9
• Bathrooms: 9
• Other Parking: 9
• Land Area: 843 m² (approx)