Hotel/Leisure For Sale In Victoria
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Dandenong Road, St Kilda East VIC
344 Dandenong Road, St Kilda East VIC 3183
For Sale
For Sale
Hotel/Leisure
Medical/Consulting
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
Area
605m2
Maud Street, Geelong VIC
55 Maud Street, Geelong VIC 3220
For Sale
For Sale
Hotel/Leisure
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)
Area
1,000m2
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