Burgess Rawson and Gross Waddell ICR are pleased to offer to the market 2-8 Olive Street, Dandenong for sale via Expressions of Interest closing Wednesday 22nd May at 3:00pm.
This opportunity has the following key investment highlights:
Expansive 3,402 sqm* site that is rectangular in shape and features a frontage of 73m*
Permit approved development for 17 architecturally designed double storey townhouses including 8 x 3 bedrooms and 9 x 4 bedrooms; with a blended average townhouse size of 187 sqm*
Valuable General Residential zoning (GRZ1) spread across 4 existing house lots, providing the ultimate in flexibility and upside
Thoughtfully designed residential development with all units including storage area, two (2) car spaces and the ultimate of indoor and outdoor living
Boasting short term holding income via month to month residential tenancies, returning $75,840 pa*
Strategic position only 300m* from Dandenong CBD and moments to Princes Highway, Cheltenham Road, Dandenong Valley Highway, Heatherton Road, Monash Freeway and Eastlink
Dandenong: Popular south-eastern metropolitan suburb only 28km* from Melbourne CBD with a median price of $697,000^
City of Greater Dandenong: Home to 164,484 people, expected to increase by 15.4% to 189,891 by 2036** supporting 114,506 jobs with an annual economic output of $57.2 billion.***
The property is for sale via Expressions of Interest closing Wednesday 22nd May at 3:00pm.
To discuss this property further, please contact any of the exclusively appointed agents below.
*Approx
** Victoria in Future 2023
*** REMPLAN
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