Situated in a prime central Dandenong location, this 600m2 (approx.) property represents a unique opportunity to acquire a quality development in a prominent growth precinct.
The property is walking distance to beautiful nearby parkland and walking trails and within close proximity to fantastic infrastructure including Dandenong Hospital, Chisholm Institute, local primary and secondary schools, public transport, restaurant’s, cafe’s and the famous Dandenong Market.
The plans are ready to initiate the construction of a contemporary new rooming house facility with nine boutique residential rooms. The accommodation will appeal to a wide range of tenants including young professionals, students, downsizers, singles and young couples; there’s the choice of nine rooms complete with private ensuites to each and one room with NDIS/disabled access.
They are all fully self-contained and include an ensuite bathroom, kitchenette and built-in wardrobe, along with the addition of a communal kitchen, lounge room and laundry.
In this peaceful central location where walkability is highly regarded, this proposed facility offers the owner a potential gross return of up to $140,000 per annum.
Currently – a residential home sits on title, comprising 3 bedrooms, family bathroom returning $360per week.