Highton student accommodation house has potential $90K return

4 North Valley Rd, Highton is in a sought after position.

A STUDENT accommodation house in Highton has hit the market a year after plans to turn it into an addiction rehab centre were rejected.

The house at 4 North Valley Rd has 12 bedrooms, each with a bed, desk and chair, four bathrooms, 12 lockable pantry cupboards in the kitchen and 12 car spaces in a secure carpark.

Hayeswinckle, Highton agent Michelle Winckle said the property was a solid investment with a potential $90,000 return a year.

A central living area has 12 lockable pantries.

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“It is not leased at the moment but has been leased in the past with that return,” Ms Winckle said.

In April last year Geelong council rejected plans for a 12-bed rehab centre at the site after more than 900 people signed a petition against it.

There are 12 car spaces.

Each bedroom comes with a desk, bed and chair.

The application would have converted the student housing into a centre for people recovering from drugs, alcohol, gambling, eating disorders and other health conditions.

Ms Winckle said there were a couple of business people looking at the site that could also be used for staff accommodation or as an aged-care or disability facility.

The property is listed for sale at $1.39 million.

tessa.hayward@news.com.au