28 Sweeney Drive, Narre Warren VIC 3805

28 Sweeney Drive presents a rare opportunity to acquire a high-yielding asset in a sought-after location. The combination of a licensed boarding house, strong rental returns, and sustainable features makes it an ideal addition to any investment portfolio.

Land Size: 811 sqm (approx.)
Zoning: RESIDENTIAL GROWTH ZONE - SCHEDULE 2 (RGZ2 )

Key Features:

Licensed Boarding House: Currently operating under a valid boarding house license, offering a unique investment opportunity.

High Rental Yield: Fully occupied, the property generates up to $910 per week, making it an attractive option for investors.

Multiple Occupancies: Comprises 4 bedrooms, each with separate electricity meters, catering to individual tenants.

Sustainable Energy: Equipped with extensive solar panels, promoting energy efficiency and reducing utility costs.

Tax Incentives: Eligible for land tax exemptions, enhancing the property's financial appeal.

Strategic Location: Situated within walking distance to Narre Warren Train Station and Westfield Fountain Gate Shopping Centre, ensuring convenience for residents.

Development Potential: Located in a zone conducive to long-term investment and potential future development(STCA).