12 room boarding house- freehold and business for sale

The property has 12 individual rooms and has approval for 4 further rooms (subject to necessary consents)

Extremely high occupancy rate and income of $180 per room per week

This represents a very good, secure return

Built in 1985 and in very good condition

The business owner is willing to stay on in some capacity

Gross income is approximately $112,000 P.A

Approximate annual expenditure for the property:
Council rates - $4,500
Electricity - $10,000
Insurance - $5,000
Maintanance - $2,000

Suburb Mitchell Park
Price $890,000
Property Type commercial
Property ID 643
Category Hotel/Leisure, Other
Land Area 821 m2
Office Area 245m2

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Matthew Trim

0415 302 221
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