Reap the standout income, bank the land for a bright future and enjoy the convenient location offered by this single-level property on approximately 686sqm of sought-after land.
Set amongst leafy gardens, the current accommodation has been established as a share-house and features seven lettable rooms across the main dwelling and a separate bungalow – all have access to bathroom & kitchen facilities, with some ensuite. When fully occupied, the accommodation returns an impressive $105,000 per annum (approximately).
The option is yours. Leave as is and continue enjoying the return, renovate the accommodation to possibly increase the renter appeal, or reinstate the floorplan to a conventional family home – maybe extending into the generous gardens. Instead, you may choose to clear the site for a luxury new home or multi-dwelling subdivision (all options STCA).
With buses running out the front and Greensborough War Memorial Park just down the road, this rare property is a quick trip to shops & amenities including Greensborough Plaza. A walk to both Greensborough Primary School and Greensborough Secondary College, it is also within easy reach of train stations and major arterials.
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