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160-162 Waterdale Road
Ivanhoe VIC 3079
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160-162 Waterdale Road Ivanhoe VIC 3079

  • Development / Land
  • 1,937 m²
  • For Sale, Contact Agent

SUBSTANTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY - CURRENTLY COMPRISING 12 APARTMENTS

    Vinci Carbone are delighted to present for your consideration 160-162 Waterdale Road, Ivanhoe. The property comprises 1,937 sqm* of General Residential Zone land in the affluent inner-city suburb of Ivanhoe. Situated in the City of Banyule, the suburb of Ivanhoe has a strong median house price of $1,570,000 and is located only 9km* from the Melbourne CBD.  

    The property is currently improved with two (2) blocks of apartments comprising 12 one (1) bedroom apartments with six (6) in each apartment block. The current improvements are refurbished and are leased. The property is returning $194,152 per annum*.

    This unique opportunity offers exceptional flexibility which will appeal to both developers and investors with its brilliant location in a proven apartment market. The strong fundamentals of the property, coupled with its strong holding income and significant development potential (STCA) represents a great opportunity to astute buyers.

    Key highlights:

    Over 1,937 sqm of General Residential zoned land with 45 metre* frontage to Waterdale Road.
    This square shaped site is currently improved with 12 apartments spread over 2 separate blocks plus parking.
    All apartments are currently leased and returning an annual rental income of $194,152 per annum*.
    This property presents an excellent development opportunity now or in the future (STCA).
    Ideally located on Waterdale Road in close proximity to the premium retail amenity found on Upper Heidelberg Road as part of the Ivanhoe Activity Centre.
    The site has direct linkages to the CBD (9km* from property) via Heidelberg Road and is well serviced by public transport with both train and bus services being within walking distance.     

    For Sale by Expressions of Interest

    *approx. 
     

    Property Highlights

    Floor Area1,200 m²
    Land Area1,937 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019119004
    Category
    Last updated  6 Jun 2024
    Map for 160-162 Waterdale Road Ivanhoe VIC 3079

    Property Highlights

    Floor Area1,200 m²
    Land Area1,937 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019119004
    Category
    Last updated  6 Jun 2024

    Co-Agents

    Frank Vinci
    Frank Vinci
    Vinci Carbone Property
    Call
    0418375375
    Joseph Carbone
    Joseph Carbone
    Vinci Carbone Property
    Call
    0418351316

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