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Overview
1 Franklin Street, Morwell VIC 3840
This property presents a rare opportunity to acquire a fully registered and high-performing rooming house located in the heart of Morwell. The residence features nine bedrooms, five of which include ensuites, and a total of six bathrooms designed to provide convenience and comfort for tenants.
Fully compliant with all regulatory requirements, this rooming house is an ideal investment for those seeking a reliable and steady income stream. The property currently generates a gross annual income of approximately $102,960, making it a strong cash flow asset for passive investors.
Properties of this size, calibre, and income profile are seldom available in regional Victoria, offering a unique chance to expand an investment portfolio with a set-and-forget asset. The location is highly advantageous, situated close to Morwell's town centre amenities, including shops, transport links, and educational precincts.
Morwell continues to demonstrate solid rental demand, particularly for affordable long-term accommodation options, which enhances the property's appeal and potential for sustained returns. This investment opportunity is well-suited for investors looking to secure a high-yielding asset that meets all essential criteria.
Do not miss the chance to own this exceptional property that combines size, income, and location benefits in a sought-after regional market.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Morwell VIC 3840
Market Insights for Morwell VIC 3840
Other properties in this postcode
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