6 Hook Street, St Albans VIC 3021

The Phone Code for this property is: 95395. Please quote this number when phoning or texting.

An exceptional turnkey development opportunity with all major pre-construction approvals and documentation already completed - ideal for builders, developers, or investors seeking a ready-to-commence high-yield co-living project.

This permit-approved site has been strategically designed for strong rental performance and efficient delivery, significantly reducing upfront planning time, holding costs, and project risk.

Key Highlights
- Building permit approved
- DCP levy paid
- Draft QS report completed
- Valuation completed
- Funder available
- Suggested builder available
-Designed as a positive gearing investment asset upon completion
- Room booking platform included in the sale that can be customised to your requirements

Development Features
- Secure gated building design
- 2 on-site car spaces
- Dedicated bike racks
- 8 accommodation rooms
- All 8 rooms include private ensuites
- Private enclosed open space for 6 rooms
- 2 oversized premium rooms

Designed specifically for the growing co-living and student accommodation market, the project prioritises tenant privacy, comfort, and functionality while maintaining operational efficiency and strong rental appeal.

Estimated Rental Returns (Conventional Build)
Approx. 9% gross rental yield (unfurnished)
Approx. 9.9% gross rental yield (furnished)

Estimated Rental Returns (Prefabricated Australian Standards Compliant Build - Separate Contract)
Approx. 12%+ gross rental yield (unfurnished)
Approx. 13%+ gross rental yield (furnished)

The projected rental performance is designed to support a positive gearing position upon completion, making this an attractive opportunity for investors seeking strong cash flow potential.

Prime St Albans Location
Approx. 5 minutes by car to Victoria University
Approx. 3 minutes by car to St Albans Railway Station
Approx. 3 minutes by car to St Albans Shopping Precinct

Positioned within one of Melbourne's growing rental demand corridors, this development presents a strong opportunity for investors seeking stable cash flow and long-term growth potential in the co-living and student accommodation sector.

Suitable For
- Builders seeking shovel-ready projects
- Investors seeking passive high-yield assets
- Developers looking to reduce planning risk and approval timelines
- Student accommodation and co-living operators

Enquire now for the full information memorandum, approved plans, reports, and supporting documentation.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.