$1,000,000

317 Moorabool Street Geelong

Currently reflecting an income of approximately $53,000, this is an exceptional investment opportunity. The open-minded buyer is presented with a number of investment options with this 3-unit property. Set on the corner of 317 Moorabool Street there are 2 one-bedroom units and an expansive 2-bedroom upstairs dwelling. The current returns are conservative as not all the space is occupied or leased. The options include leaving all 3 leased to long term tenants; an owner occupier can take advantage of the spacious upstairs property and enjoy the consistent income from the 2 one-bedroom units; or make the most of the Geelong short term accommodation shortage and run the property as short term rental accommodation. The upstairs property offers open plan living, 2 generous bedrooms, renovated bathroom & kitchen, plus a north facing balcony. There is solar power, a double garage, storage, court yards, and privacy from a well-established garden. The one-bedroom units are light, bright and open in design. The units are perfectly positioned only a few hundred metres to the South Geelong train station, Skilled Stadium, the Geelong CBD and Hospital precinct, and offer a unique & affordable investment opportunity.