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Interantional Student Accommodation Facility. New. Short walking distance to Monash University and Monash Medical Centre (teaching hospital). Consists of 6 Townhouses: 4 houses with 5 bedrooms each; 1 townhouse with 4 bedrooms; 1 townhouse with 3 bedrooms. Total of 27 rooms ; fully furnished. Each townhouse has shared kitchen, living area, meals area, laundry and double garage. Each room has: OWN BATHROOM (shower, toilet and basin), wardrobe,bed, desk, TV and bar fridge, Telephone/Internet. Safe and secure investment. Waiting list of over 70 students for March 2005 intake (records available). Always have full occupancy over 12 months. POTENTIAL TO GROW TURNOVER TO $230,000 (YIELDING NET PROFIT $210,000) OVER NEXT 12 MONTHS DUE TO EXCEPTIONALLY STRONG DEMAND. Current owners prepared to continue managing facility.
