49 Fogarty Avenue, Highton

Proven Student Accomodation Investment

If you are prepared to invest a bit of time and you want to maximise your return, then this well performing, proven and secure investment property could be the answer. It is a large residential house that has 8 bedrooms and is a registered 1b rooming house with 100% occupancy giving a gross annual return of $77,220 p/a, this is a gross return of a staggering 7.3% with room for growth. Current outgoings are $21,116 p/a.
Perfect for someone handy who lives local, and has a bit of free time to manage and wants a turbocharged residential investment, with the option to convert back to a residence later.
It is in a prime Highton location within an easy walk to both Deakin University and The Epworth Hospital.
All renters are on 12 month leases managed privately, all with registered bonds at the RTBA.
This proven investment opportunity is one not to be missed and for the savvy buyer prepared to invest a bit of time as well as money can magnify their returns dramatically.
Phone Jackson Wilson at Kardinia Property now for further details.