Invest. Renovate. Develop.
Rare investment opportunity with development potential and value-add options!
Incredible prospect for both short & long-term investors as well as developers, the chance to secure a group of three tenanted units, all on one title, with excellent potential for future growth and development.
Investment Highlights:
*Immediate Rental Income: Enjoy a steady rental return of $870 per week
across the 3 units, providing a reliable income stream from day one.
*Value-Add Options: units 2 & 3 have updated kitchens, but overall are in
mostly original 1970's era condition, offering a prime opportunity for
renovations and upgrades. By modernising the interior and exterior, you can
significantly increase rental yields and property value, unlocking the full
potential of this investment.
*Development Opportunity: The generous 806sqm block presents substantial
development potential (STCC). Whether you're considering a multi-unit
redevelopment or simply land banking for future appreciation, this property is
a strategic addition to any portfolio.
*Land Bank Value: Situated in a high-demand area with ongoing growth, this
property is not just about current returns-it's about future potential. Holding
this land as a long-term investment could yield significant capital appreciation,
especially as development in the area continues.
*Location: Close to schools, shops, and public transport, this property is
perfectly positioned to attract quality tenants, ensuring a low vacancy rate and
high demand, less than 7km to the city, 2km to Prospect Road and its
attractive dining spots and boutique shops, and 2.5km from Churchill Centre &
Costco.
Contact Mladen by phone or email for a price indication or further property information.
Disclaimer: This property is being offered under auction conditions. While every effort has been made to provide accurate information, prospective buyers are advised to conduct their own due diligence. It is the responsibility of the buyer to verify all relevant council and related information concerning the property.
