38 George Street,
St Albans, VIC 3021

Other

Key property information

Land area

Floor area

Sold on

Map of 38 George Street

Directions

SECURED INVESTMENT: (Brand New and fully licensed)

The Biggin & Scott Sunshine Team proudly introduces one of the best secured investment property in St Albans.
Accountants, investment advisors & solicitors take note -Ideal for Self Managed Super Funds
Long established Government Licensed operator presents as a secure tenancy operating over 28 years.
Purpose Built Registered Premises
This double storey building provides nine (9) one (1) bedroom purpose built private rooms.
Each room is provided with the following:
- Queen or double bed
- Hotel commercial grade mattresses
- 80 litre personal fridge
- 55” 4K Smart TV
- WiFi internet access 5Gh
- Each room has its own ensuite

Two commercial kitchens onsite, one upstairs & one downstairs.

Lease details- 15 year lease
- $40,000 per annum
-All outgoings to be paid by tenant
-Annual rental increase by CPI

Seeking long term investment

NOTE’ – New building Seven ( 7 ) year structural guarantee
-Land size 782 m2 approx
-The property provides provisions for another double storey 9 x 1 bedroom self contained apartments (STCA) to be built.

Seeking long term investment, arrange your private inspection today before its too late.
Please call Frank Forti on 0419 321 816 or Minh Vu on 0413 660 075

St Albans, 3021 demographic data

The median household income for St Albans is $1,205, 37% lower than Greater Melbourne's household income of $1,901. St Albans has a younger age profile compared to the rest of Greater Melbourne (median age 36 vs 37). Property ownership data shows 40% of property owners in St Albans have a mortgage.

38,042

Population

$1,205 per week

Median household income

36 years

Median age

Owners

Most residents

Families

Most households

03 9311 81...