20-22 Delta Avenue, Coburg North, Vic 3058

An established boutique student accommodation which is fully occupied and comprises of 18 modern and stylish ensuited studio rooms which are self-contained and include TV, microwave and fridge.

The premises is fully furnished, each room has an ensuite bathroom and wireless high speed access to the internet. The Accommodation provides residents with a common student lounge area, use of the common registered industrial kitchen and a coin-operated laundry facility.

Residents at Delta Avenue feel safe knowing that their building has been designed to include the latest security features, including security cameras - internal and external surveillance and security card access to all rooms.

Delta Avenue is located very close to Merlynston train station and Merlynston Shopping and cafe precinct. The premises has been operational for 3 years with a great return on your investment (approximately 10% pa).

Features Include.... Bed, wall mount desk, lockers, couches, coffee table, dinner table and chairs, filing cabinet, book shelf, computer, dining table, study chair, hydronic heating, evaporative cooling.

Land area - 1023m2
Leases range from 12 months - Long term tenants
Rental return - $170,000 pa (approximately)
Zoned Residential 1
No GST payable
Corner allotment
Potential Development Site (Subject to council approval)