A high yield investment with 5 years rooming house license. This property comes with 7 bedrooms, 2 bathrooms, and 2 parking spaces. A comfortable four bedrooms house at the front and a tree bedrooms granny flat at the back. Kitchen, bathrooms and bedrooms renovated for more comfortable long term stays. All 7 bedrooms are rented out with long term lease agreement. Currently got stable rental income as $950 per week which around $50,000 per year, Position in a high growth suburb and quiet elevated street in Chadstone. Only 10 minutes walk to Holmesglen train station, Bus stop with various bus routes, Holmesglen Institute, homewares stores, main business street and Monash Freeway. Very close to the biggest shopping centre in Australia, Chadstone Shopping Centre - The Capital Fashion. With land size approximately 631sqm, the house itself offers an amazing opportunity to redevelop, rebuild, or renovate a magnificent dream home or luxurious multi-unit/townhouse development (STCA). Don't miss this opportunity. Photo ID required at all open for inspections. Eddie Wang 0451 931 788 Peter Liu 0410 380 606 Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist