1496 Mt Dandenong Tourist Road

Mount Dandenong VIC 3767

Outdoors, the established European styled gardens will offer color in Spring scattered along the long driveway. A veggie patch and herb garden, plus fire pit area out the back of the cottage with the added benefit of plenty of off street parking, plus entertaining area.... this property is full of possibilities.
Rear Studio Unit:
The rear studio unit, Unit 2, has been freshly updated, perfect for a new tenant or multi generational family options. Freshly painted and updated throughout, offering one bedroom, one recently updated bathroom with open plan lounge, kitchenette, featuring a gas oven/cooktop, dishwasher, electric hot water, electric wall panel heaters, new blinds. Approx. Approx. Studio Size: 35m2 Potential Annual Rent: $18,250 @ approx. $350 per week (includes water) Unit 2 is currently vacant so the options are yours!
Shared laundry facilities between the two units allow for additional privacy.
Front Studio Unit:
Front studio unit, Unit 3, is currently tenanted til March 2022. Freshly painted and updated throughout. Offering one bedroom, one bathroom with open plan lounge, kitchenette, gas oven/cooktop, electric hot water, electric wall panel heaters, new blinds and a great covered front porch. Approx. Studio Size: 42m2 Potential Annual Rent: $17,160 @ $330 per week (includes water)
Property has been refreshed, repainted, and refurbished, including electrical and plumbing, ready for the next twenty years of tenants with a great recurring annual gross rental income from the three tenancies close to $60,000 + CPI. For the investor, this property yields a gross rental return of approx. 6%. Contact us via email for further details or to book a time to inspect privately.
Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.