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344 Dandenong Road St Kilda East VIC 3183

  • Hotel, Motel, Pub & Leisure
  • 605 m²
  • For Sale, Call Agent

EX-BOARDING HOUSE FOR SALE

    A refurbished circa 1915 double storey brick residence comprising 16 individual rooms of varying size and configuration, in addition to two 1960s double storey detached buildings at the rear which have undergone substantial renovation, comprising 17 individual rooms, all currently being utilised for short term rental and boarding house style accommodation. The property includes communal bathrooms, kitchen and common area.

    The property is owned and operated by an on-site manager with all accommodation rooms leased under residential tenancy agreements. A bond is paid and generally six weeks notice is required to be given by the tenant if they intend to vacate.

    Conveniently located on tree lined Dandenong Road between Orrong Road and Hotham St. This is a great location from which to either walk to Glenferrie Road or catch the tram to Fitzroy St or St Kilda Baths for great coffee or dine at one of the many restaurants and cafes.

    Unique opportunity to refurbish, upgrade or possible redevelopment (STCA) this property. Key features include:

    * Three separate buildings comprising of 34 rooms
    * Previously run as a Boarding House
    * Land area 996m2 approx
    * Residential 1 zoning
    * Short Term Income
    * 10% deposit, balance 30/60 days

    Property Highlights

    Property ID2016300373
    Floor Area605 m²
    Land Area996 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  20 Aug 2020
    Map for 344 Dandenong Road St Kilda East VIC 3183
    Map for 344 Dandenong Road St Kilda East VIC 3183344 Dandenong Road St Kilda East VIC 3183
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    MMJ Real Estate Melbourne Pty Ltd
    Suite 15, Level 2 25 Claremont Street South Yarra VIC 3141

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