172 Geelong Road, Footscray, Vic 3011
Sold: $665,000 (02-09-2016)- hotel 2
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This classical period property is securely leased until September 2016 at a current rental rate of $1647 pcm. Such a scenario means reliable investment income defines the short term future while prospects for updating and extending, STCA, enhance the longer term picture. Two bedrooms, one distinguished by an original pressed metal ceiling and an open fire-place, lead to a central living area where roof-space storage and a wood fire heater accompany the appealing proportions. Northern light fills a kitchen/meals zone that opens to a paved, covered terrace while an expanse of lawn and secure under-cover parking accessed from right-of-way via Batman Street illustrates the attraction of the allotment. West Footscray station, Buckley Street and Barkly Street surround this intelligent investment.