14 Queens Avenue
Ararat


$425,000

5
5
5

Property Features


Property ID: 3409603

Airconditioning
Ensuite
Open Spaces

Exceptional Yield in Central Location


Completely renovated approx.12 month ago this masterfully designed investment property caters for short & long term accommodation, showcasing 5 fully furnished, self-contained apartments plus extra-shared facilities.

These thoughtfully designed apartments have their own kitchen, bathroom, living quarters and private courtyard. The extra shared kitchen is located near the main entrance with direct access to the deck/sitting area, laundry and car park. With wheelchair access throughout and fully compliant with current council regulations this unique property has had no expense spared with its clever renovation. Conveniently located only one block from the main street and supermarkets this unique investment opportunity really sets itself apart from your average investment property.

There is booming demand for workers accommodation in Ararat (such as road workers, Hospital Workers, Prison Officers, Wind Farm Construction, AME, Ararat Meat Exports, NDIS) but this flexible design and legal classification as a registered rooming house caters for a huge variety of other uses as well;
- Affordable short or long term residential housing
- Aged care facility
- NDIS housing scheme
- Backpackers
- Airbnb
- Owner occupy & lease

Approx. 12 months into an 18 month fixed lease with a very stable tenant, & yielding $1050 per week ($210 per week each apartment) yielding approx.13% which is an amazing return. Capitalise on this recession proof investment and call the agent today!

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