1st time offered and well set in this commanding corner setting so central to all amenities, this unique property offers an opportunity of a lifetime! Just like a magicians hat, this home is packed with full of surprises from the moment you walk in!
Accommodation
Main residence offers four bedrooms, formal lounge& kitchen meals area plus master bedroom with semi en-suite.
Two Separate self-contained studio units
Adjacent to the main residence you will find two separate fully self contained studios each with its own kitchen and bathroom. Each fully self contained studio unit has its own private and secure access and they are separately tenanted by the current vendors.
Home Gym or 7th Bedroom
The residence also has the 7th room which is currently used as a home gym/entertainment room. This room also has a potential to be redesigned as the 3rd self contained studio (STCA)
Features
24 Solar panels with a 6 KW inverter
Air-conditioning in main residence
Four Bathrooms
Three toilets
Three kitchens
Two Garden sheds
Tasmanian Oak kitchen
Well established gardens
Undercover entertaining area
Outdoor spa
2500 lt Water tank
Roller shutters
There are three potential ways to let this property including the main residence and the studios which would produce approximately $38,000 per annum. The layout and the corner position of the property also offer so many other potentials for it to be converted as a Childcare, Medical or a dental practice etc (STCA). The location is notable not only for the central Mill Park location but also its proximity to RMIT, University Hill Shopping Centre, Schools & public transport. This would be a solid investment opportunity for those looking to take advantage of low interest rates and it could easily exceed over 6.5% solid return as a valuable investment in your portfolio.