5 Merryn Close, Bundoora, VIC 3083

House 8 3
Price: $1,288,000
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Fully Tenanted Rooming House in Prime Bundoora - High Yield Investment - Approx 7.9% Gross Yield.
The Phone Code for this property is: 82929. Please quote this number when phoning or texting.

Returning $1,935+ PER WEEK $100,620 PA| Fully Furnished | Land Tax Exempt | Metro Melbourne Location | Minimal Management Required

Exclusive Opportunity
✅ Self-managed & ready for seamless transition - Keep it self-managed for maximum returns, or let an agent handle everything for you!
✅ Potential SMSF Investment - (subject to advice from your financial professional)

The Ultimate Positive Cash Flow Investment from Day 1 - Set & Forget!
This fully licensed, fully furnished Rooming House, high-yield investment in a prime Metro Melbourne location.
Currently generating $100,620 per annum in rental income, approx. 7.9% Gross Yield - with further increases pending - this is a rare, high-demand asset that offers long-term stability, strong rental returns, and minimal ongoing work.

Why This Investment Stands Out:
✅ 8 fully furnished rooms - each with split-system air conditioning for tenant comfort
✅ 3 modern bathrooms - well-equipped to accommodate multiple tenants
✅ Secure long-term tenants - ensuring continuous occupancy and reliable cash flow
✅ Upcoming rent increase - even greater income potential!
✅ Solar panels - reducing operational costs and increasing profit margins
✅ Land tax exempt - maximizing your net rental yield
✅ Fully compliant & licensed Rooming House - no additional approvals needed!
✅ Low-maintenance property - hassle-free investment with minimal ongoing work
✅ Easy access to Bus & Tram - additional convenience for tenants
✅ Future development potential (STCA) - explore a possible Knock Down Build
✅ Possible SMSF investment - subject to advice from your financial advisor

Prime Bundoora Location - Always in Demand!
✨ Walking distance to RMIT University & easy access to La Trobe University
✨ Close to Bundoora Square Shopping Centre, public transport & major arterial roads
✨ High-demand rental area - strong tenant pool ensures ongoing occupancy

BONUS: Direct Sale from Owner - Support Available!
✔ Self-managed partly by the current owner - willing to assist with setup & ongoing management
✔ Expert guidance on tenant management, compliance & operational best practices
✔ Ideal for first-time or experienced investors looking for a profitable, hassle-free asset

Secure This High-Yielding Investment Today!
Don't miss out on this incredible cash-flow machine in one of Melbourne's most sought-after rental locations. Contact for more details or to arrange an inspection!

Serious investors only - Act fast!

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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Briner & Associates provides residential conveyancing for Victoria. Please call (03) 9572 0255 or email briner_assoc@bigpond.com.

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Contact the Owner
Phone or Text: 0488 847 018
Enter Phone Code 82929 when prompted.

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