1-11/204 Neerim RoadCarnegie

204 Neerim Road, Carnegie offers a rare combination of secure income, strong local advantages, and multiple value-add opportunities (STCA). The property sits on 1,002m²* of under-utilised land and comprises 11 two-bedroom apartments. • Fully let annual income of $240,000 (approx.) supported by a consistent & sustainable tenancy profile. • Allocated parking and well-maintained building features enhance tenant appeal. • Located in the heart of Carnegie, one of Melbourne’s fastest-growing and tightly held suburbs. Value-Add Opportunities (STCA) • Subdivision and creation of individual titles for enhanced flexibility and resale potential. • Ground floor expansion opportunities. • Courtyard reimagining as lifestyle spaces. • Targeted refurbishments to modernise and elevate rental growth. • Supported by favourable Neighbourhood Residential Zoning (NRZ), allowing potential long-term redevelopment. Location Highlights • Walking distance to Koornang Road’s bustling retail and dining precinct. • Surrounded by national retailers including Chemist Warehouse, Woolworths, Aldi & Rosstown Hotel. • Excellent connectivity to lifestyle and employment hubs: - Chadstone Shopping Centre – 2.52km* - Monash University – 1.1km* - Melbourne CBD – 10.5km* - Dandenong Road – 500m* • Strong transport links: 730m* to Carnegie Train Station, 300m* to tram, and 70m* to bus stops. For further information, please contact the exclusive selling agents Buxton today. * Approximately