32 Holly Street

A rare opportunity to secure a high-performing investment in one of Preston's most tightly held pockets, this established rooming house offers an exceptional combination of immediate income, low-maintenance ownership and long-term growth potential. Delivering an attractive rental return of approximately 7%, this is a proven income-producing asset in a location where tenant demand remains consistently strong. Features include: Established rooming house returning an attractive rental yield of approximately 7%, providing strong cash flow from day one. Two well-appointed shared kitchens, offering added convenience and functionality for residents. Well-maintained accommodation with shared bathroom and communal living facilities designed for comfortable day-to-day living. Functional floorplan with generous shared spaces, appealing to a broad range of tenants. North-facing allotment, enhancing natural light while offering excellent long-term appeal. Solar panel system, improving energy efficiency and helping to reduce operating costs. Low-maintenance property ideally suited to investors seeking a genuine "set and forget" asset. Generous landholding with future scope to renovate, redevelop or further enhance the site (STCA). Ample off-street parking, adding convenience for residents and strengthening tenant appeal. Positioned in a high-demand rental precinct with consistently strong occupancy and excellent long-term investment prospects. Ideally located just a short five-minute walk to Northland Shopping Centre, the property is also within easy reach of Plenty Road trams, bus services, local schools, parklands, Melbourne Polytechnic, La Trobe University and the Austin, Mercy and Northern Hospital precincts. With convenient access to Melbourne's CBD and Preston continuing to benefit from strong population growth and ongoing infrastructure investment, the location further reinforces the property's outstanding investment credentials. Whether you're expanding your portfolio or searching for a proven income-producing asset with genuine future upside, 32 Holly Street, Preston presents an outstanding opportunity to secure a quality investment in one of Melbourne's most sought-after northern suburbs. Contact Becky Wang or Ethan Tsui today on (03) 9808 0481 for more information and secure this stunning home today! ** Sale Method: Private Negotiation ** Settlement: Flexible ** Inspection: By Appointment Only (Must provide phone number with the enquiry)