Property ID: 1P1900
28 Sweeney Drive Narre Warren VIC
Licensed Rooming House with High Yield and Development Potential
28 Sweeney Drive presents a rare opportunity to acquire a high-yielding asset in a sought-after location. The combination of a licensed rooming house, strong rental returns, and sustainable features makes it an ideal addition to any investment portfolio.
Land Size: 811 sqm (approx.)
Zoning: RESIDENTIAL GROWTH ZONE - SCHEDULE 2 (RGZ2 )
Key Features:
Licensed Rooming House: Currently operating under a valid rooming house license, offering a unique investment opportunity.
High Rental Yield: Fully occupied, the property generates up to $910 per week, making it an attractive option for investors.
Multiple Occupancies: Comprises 4 bedrooms, each with separate electricity meters, catering to individual tenants.
Sustainable Energy: Equipped with extensive solar panels, promoting energy efficiency and reducing utility costs.
Tax Incentives: Eligible for land tax exemptions, enhancing the property's financial appeal.
Strategic Location: Situated within walking distance to Narre Warren Train Station and Westfield Fountain Gate Shopping Centre, ensuring convenience for residents.
Development Potential: Located in a zone conducive to long-term investment and potential future development(STCA).
Land Size: 811 sqm (approx.)
Zoning: RESIDENTIAL GROWTH ZONE - SCHEDULE 2 (RGZ2 )
Key Features:
Licensed Rooming House: Currently operating under a valid rooming house license, offering a unique investment opportunity.
High Rental Yield: Fully occupied, the property generates up to $910 per week, making it an attractive option for investors.
Multiple Occupancies: Comprises 4 bedrooms, each with separate electricity meters, catering to individual tenants.
Sustainable Energy: Equipped with extensive solar panels, promoting energy efficiency and reducing utility costs.
Tax Incentives: Eligible for land tax exemptions, enhancing the property's financial appeal.
Strategic Location: Situated within walking distance to Narre Warren Train Station and Westfield Fountain Gate Shopping Centre, ensuring convenience for residents.
Development Potential: Located in a zone conducive to long-term investment and potential future development(STCA).