21 Omar Street

An outstanding opportunity to secure an near new purpose-built rooming house delivering exceptional rental returns of up to $68,000 per annum (over $1300 per week), representing a rare 6%+ gross yield in a tightly held growth corridor. This high-performing co-living asset is ideally positioned just moments from Manor Lakes Train Station and Manor Lakes Shopping Centre, making it highly attractive to professionals, students, and essential workers seeking convenient, low-maintenance accommodation. Currently, three rooms are already leased ranging between $250-$280 per week for each room, providing immediate income with strong demand supporting ongoing leasing and rental growth. With flexible leasing structures and utilities included, this property offers a set-and-forget investment with minimal vacancy risk. Investment Highlights: Estimated rental return: Up to $68,000 per annum (over $1300 per week) Rare 6%+ gross yield Immediate income with rooms already tenanted with each room leased between $250- $280 per week. Strong demand location close to transport, shopping, and amenities Ongoing Common area cleaning & gardening cost covered by landlord Property Features: Purpose-built studio-style rooms, each with a private ensuite including shower, toilet, and sink Utilities included (internet, water, gas, and electricity), maximising tenant appeal and simplifying management Shared kitchen area fully equipped with additional fridge, induction cooktop, oven, fridge and dishwasher Fully furnished (Appliances &  Furniture) Living area and Laundry. On-site laundry facilities for resident convenience Parking options include a single lock-up garage (available at additional cost to residents) plus off-street parking Lease Structure: Flexible weekly or fortnightly rental payments Bond: 4 weeks' rent Option for multiple occupants per room at an additional charge, increasing income potential With strong rental demand, flexible income streams, and an unbeatable location, this is a rare chance to secure a high-yield co-living investment in one of Melbourne's fastest-growing suburbs. Inspections are highly recommended for investors seeking strong cash flow and long-term growth. Photo ID required for all inspections. Please see the below link for an up-to-date copy of the Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent *Images for illustrative purposes only*