With 4 separate residences, the possibilities are limitless with this property. The main home provides four bedrooms, two bathrooms, a spacious living room with adjoining kitchen, ducted heating, split system cooling and soaring ceiling heights. It has an estimated current rental value of $400 per week. The 3 cottages are all currently tenanted are returning $600 per week. The astute investor could achieve $1000 rental income per week, $52,000 per year. Wow! This investment opportunity is too good to miss! Other options are to live in the spacious family home and enjoy having $600 per week of rental income to help pay off your mortgage. Or with multiple dwellings, this property would also appeal to extended families. The Outlook was a very popular family getaway in the 1920s and 1930s. Set in beautiful gardens, the main residence has been refurbished in recent years, but retains many of its original Californian Bungalow features and charm. The comfortable cottage at the front of the property provides a bedroom, living room with open fire place, split system, kitchen/meals, laundry facilities and a bathroom. The other two cottages are set at the rear of the property. One consists of a combined lounge/bedroom with open fire place, kitchen with polished floors, bathroom/toilet with laundry facilities. The other has an open plan kitchen/lounge, a bedroom, split system, and bathroom/toilet with laundry. The property is literally a few steps to the main shopping village, the local childrens park, tennis courts, and is nearby to schools and bus links that connect to trains at Lilydale, Croydon and Mooroolbark. This is a terrific and versatile property that will appeal to investors, home buyers that would like to benefit from a healthy rental income, extended families, and lovers of historic homes. Prior Offers Invited.
REVIEWS (10):"Visited just after a long-haul flight and was really needing some amazing food and coffee. Had a short black and iced coffee and both were delicious. Had..."read more
REVIEWS (3):"Cured salmon, beet relish, apple, pea shoots, poached egg & a rye crouton - simple yet tasty! Will be back to try some of the other choices (walnut muffin..."read more
REVIEWS (3):"Absolutely beautiful estate, and as the first place on the wine map you might come to when driving from town, an amazing introduction to the delights of the..."read more
REVIEWS (3):"My wife and I were trying to find a romantic place to escape the kids that offered a quiet experience where we could relax, enjoy some time together, talk..."read more