High-Yield Investment Opportunity | $105,300 Gross PA | Hospital Precinct
Strategically positioned in the heart of Shepparton's medical and education precinct, 6 Henderson Court offers a rare, high-performing asset for the savvy commercial investor. This fully renovated and registered Rooming House (Class 1B Dwelling) has been operating successfully for three years, providing a turnkey solution with immediate cash flow.
The Numbers & Potential
• Gross Income: $105,300 per annum based on 100% occupancy.
• Proven History: Previous 12-month corporate leases with Regional Workforce and Goulburn Health at $93,600/year.
• Management: Currently managed at 20% by a rooming housing management group but can be self-managed or transferred to another professional Real Estate Agency (7.7 % to 9.9 % normal RE management) to further increase yield.
The Asset
• Zoned for Growth: 815m² corner block with significant future development potential (STCA).
• Capacity: 9 bedrooms (all with BIRs), 4.5 bathrooms, and a maximum capacity of 12 occupants.
• Proximity: Walking distance to the Public Hospital, Private Hospital, and University Campus, with the benefit of being positioned in a quiet court location.
• Amenities: Fully furnished throughout, with all bedrooms individually climate controlled, plus flexible off-street parking, providing a full turn-key solution.
A secure investment in a critical-need housing sector. Don't miss this "set and forget" opportunity.
The Numbers & Potential
• Gross Income: $105,300 per annum based on 100% occupancy.
• Proven History: Previous 12-month corporate leases with Regional Workforce and Goulburn Health at $93,600/year.
• Management: Currently managed at 20% by a rooming housing management group but can be self-managed or transferred to another professional Real Estate Agency (7.7 % to 9.9 % normal RE management) to further increase yield.
The Asset
• Zoned for Growth: 815m² corner block with significant future development potential (STCA).
• Capacity: 9 bedrooms (all with BIRs), 4.5 bathrooms, and a maximum capacity of 12 occupants.
• Proximity: Walking distance to the Public Hospital, Private Hospital, and University Campus, with the benefit of being positioned in a quiet court location.
• Amenities: Fully furnished throughout, with all bedrooms individually climate controlled, plus flexible off-street parking, providing a full turn-key solution.
A secure investment in a critical-need housing sector. Don't miss this "set and forget" opportunity.
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