155 Princes Highway, DANDENONG VIC 3175
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- 12 Oct 2016
Huge Income - Ready to Develop
GREAT INVESTMENT & DEVELOPMENT OPPORTUNITY
This fantastic opportunity presents itself fronting Princes Highway in the heart of Dandenong, next door to Pancake Parlour and directly across the road from Dandenong Bunnings.
Currently occupied as a 11 room share house returning approx $75,000pa ($100,000pa when fully-let), the two level converted house sits on total prime land area of 911m2. The site now has approved plans and permits for a 16 apartment development site. Each apartment to feature two bedrooms and balconies, along with 19 on site car spaces and on site cafe of 58m2 plus 23m2 el fresco area.
In such a great location, you can build now or enjoy the income while your portfolio grows!
Call Facey Industrial Commercial today on 9793 4455.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
155 Princes Highway DANDENONG