Fantastic Location coupled with low interest rates and the potential to earn $55 000* per annum from rental income, make this a great buy whichever way you look at it.

Here’s your chance to own this property for cash flow neutral/positive*, with a little hard work and effort, this property could realistically pay itself off. Metres from Monash University and all the facilities that it currently offers, and will offer when the Multi Million dollar expansion is completed. This highly sought after by tenants/students, looking to live close to Monash University, Synchrotron and other world renown science and research facilities in the area.

Some options to consider (STCA):

OPTION A
1) Leave as is and collect the rent from 6 Bedrooms
2) Update and renovate, increase rent and collect rent from 6-7 bedrooms
3) Live in and HOMESHARE with other tenants/students 4) Convert to 1B (Student Accommodation) *Potential Rental Return Weekly ($1000-$1200pw) if you cannot achieve this, you are not trying hard enough.

OPTION B
Be Patient, get tenant to pay most of the Mortgage and build 10-15 Apartments on the site (Student Type or Normal Apartments)
As you can see…..the above OPTIONS makes Sense and LOTS of DOLLARS!!!!

*The GRZ6 applies to residential land within the Clayton Activity Centre. This zone encourages greater housing intensity and diversity within the Clayton Activity Centre. (Source Monash Council).