Gothic Tudor Style former Geelong Grammar School recently converted to 36 Bed student accommodation facility
The fully refurbished former Geelong Grammar School built in 1857 offers Student Accommodation over three levels, plus basement. Offering 27 rooms (36 beds) and common facilities. The offering also includes the adjoining lot known as Lot 1, 55 Maud Street which can be further developed into additional accommodation.
The property is situated on the southern fringe of the Geelong CBD. Local shopping facilities are provided via the Geelong shopping precinct, being approximately 500 metres north of the property. Educational facilities within proximity to the property include St Mary's School, St Robert's School, St Margaret's School, Geelong South Primary School, Chilwell Promary School, St John's Lutheran School, The Geelong College, Sacred Heart College, Matthew Flinders Girls Secondary College, Newcomb Secondary College, Geelong High School and Deakin University – Geelong Waterfront Campus.
Communal facilities include: bathrooms, lounge, dining room, kitchen and laundry.
Site Area: 55 & Lot 1, 55 Maud Street - 1,874.93m2 (approx)
Net Income (fully let): $380,000(est) + Development opportunity of Lot 1, 55 Maud Street
Town planning: General Residential Zone - Schedule 1 (GRZ1)