This rare and exciting opportunity features a block of six units on a fantastic 809sqm (approx.) corner allotment, being sold as one offering. Whether you aim to reap the brilliant rental income or develop the hugely versatile site (STCA), the choice is yours!
Securely let and currently returning approximately $90,000 per annum, the block...
This rare and exciting opportunity features a block of six units on a fantastic 809sqm (approx.) corner allotment, being sold as one offering. Whether you aim to reap the brilliant rental income or develop the hugely versatile site (STCA), the choice is yours!
Securely let and currently returning approximately $90,000 per annum, the block comprises one studio flat, four one-bedroom flats, and one two-bedroom flat. Each unit boasts good-sized living rooms with gas heaters, practical kitchens, and generous bathrooms with space for laundry facilities. On-site parking is also available.
The property offers multiple options - you can rent out as is, upgrade to improve your return, or take advantage of its corner location and broad frontage to Savona Street (20.11m x 40.23m) for a fabulous new development.
Located in the sought-after Mentone area, this property is close to Thrift Park, Mentone village, and excellent shopping destinations. Zoned for Mentone Girls and Parkdale Secondary Colleges, this plot is full of potential and is a prized investment opportunity!
*Please Note* Buxton Real Estate may refuse to provide further information about the property should you prefer not to disclose your Full Contact Details including Phone Number. Photo id required upon entering the property.
809 m²
