If you're after a rock solid investment with potential for the future, it's difficult to overlook this value-packed site in a tightly-held Oakleigh South location!
This incredible nine two-bedroom unit site is fully leased and generates a sizeable rental income (with scope to increase immediately). Each unit is individually titled and already subdivided which offers you the flexibility to resell one or multiple units for an instant profit!
But that's not your only option…
Given some of them have been updated over the years, you could also add value by bringing the others into line thus increasing the block's overall value, while there's also potential to re-allocate the plan of subdivision and convert the tennis court into additional dwellings (STCA).
Sited on a huge 3,408sqm* allotment, an opportunity also presents itself to extract maximum value from the block and redevelop entirely (STCA).
Whatever your vision is for this red-hot piece of real estate, it will benefit enormously from its five-star location that's within short walking distance of Davies Reserve and bus services and minutes to Huntingdale and Clayton train stations, excellent schools, prestigious golf courses, the Clayton Road shopping strip, Chadstone Shopping Centre, Oakleigh Central and Monash University.
• Total land area | 3,408Ssqm*
• 9x Units with individual titles
• Fully leased
• Scope to increase income immediately
• Potential to either further develop or completely redevelop into multiple townhouses (STCA)
• General Residential Zone Schedule 3 (GRZ3)
• No Easements
For further information or to arrange a suitable time to inspect, please contact one of the marketing agents below:
George Kelepouris | 0425 798 677
Theo Karkanis | 0431 391 035
Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/
