Exceptional 7% Yield in a Blue-Chip Preston Location
A rare opportunity to secure a high-performing investment in one of Preston’s most sought-after locations, this established rooming house delivers an attractive approximately 7% rental yield, offering immediate cash flow and exceptional long-term investment potential in a location where rental demand continues to thrive.
Features include:
* Established rooming house generating a strong approximately 7% rental yield, providing an excellent return from day one.
* Multiple individually leased rooms, creating diversified income streams and reducing vacancy risk.
* Well-maintained accommodation featuring shared kitchen, bathroom and common living facilities designed for comfortable everyday living.
* Functional floorplan with generous communal spaces, appealing to a broad range of tenants.
* North-facing allotment, maximising natural light and enhancing the property’s long-term appeal and future potential.
* Solar panel system, helping to reduce electricity costs and improve the property’s overall efficiency.
* Low-maintenance property, making it an ideal “set and forget” investment.
* Strong rental demand in a tightly held pocket of Preston, ensuring excellent long-term tenant appeal.
* Generous landholding offering future value-add, redevelopment or further enhancement potential (STCA).
* Ample off-street parking, providing added convenience for residents and increasing tenant appeal.
Perfectly positioned just a 5-minute walk to Northland Shopping Centre, the property also enjoys easy access to Plenty Road trams, bus services, local schools, parklands, Melbourne Polytechnic, La Trobe University and the Austin, Mercy and Northern Hospital precincts. With Melbourne’s CBD easily accessible and Preston continuing to experience strong population growth and investment demand, this is an exceptional opportunity to secure a quality income-producing asset in a thriving northern suburb.
Whether you’re looking to expand your investment portfolio or acquire a proven high-performing asset with future upside, 32 Holly Street, Preston is an opportunity not to be missed.
Contact Becky Wang or Ethan Tsui today on (03) 9808 0481 for more information and secure this stunning home today!
** Sale Method: Private Negotiation
** Settlement: Flexible
** Inspection: By Appointment Only (Must provide phone number with the enquiry)
