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19 & 21 Toolambool Road
Carnegie VIC 3163
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19 & 21 Toolambool Road Carnegie VIC 3163

  • Development / Land
  • 1,575 m²
  • Expressions of Interest

2 SUPER-SIZED APARTMENT BLOCKS OFFERING A BLUE-CHIP INVESTMENT OR DEVELOPMENT OPPORTUNITY

  • 16 apartments sold in one line
  • Fully leased investment
  • Rental reversion or future development

Gross Waddell ICR is pleased to offer for the first time since construction, 19 & 21 Toolambool Road, Carnegie. These 2 significant and extremely exceptional apartment blocks consist of 16 quality apartments and are a blue-chip investment with significant rental reversion, strata conversion or future development opportunity (STCA).

Expansive title with 2 allotments offering 1,575 sqm* of land with a favourable Residential Growth Zone (RGZ1)

2 apartment blocks consisting of 16 apartments in total

A perfect apartment mix with 12 two-bedroom apartments and 4 one-bedroom apartments

Fully leased with a substantial income stream of $240,396* per annum and boast significant rental reversion potential

Underlying land value offering future development potential (STCA) with significant surrounding height precedents

Supremely positioned for convenience and lifestyle with walking distance to Carnegie station, Carnegie Central Shopping Centre and Koornang Road retail precinct

Ideal proximity to Monash University and Australia's largest shopping centre being Chadstone Shopping Centre

Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source GapMaps)

Carnegie offers a soaring median house price of $1,700,000 with a 6.3% growth in the past 12 months (source REIV)

19 & 21 Toolambool Road, Carnegie is offered for sale via an Expressions of Interest closing at 3:00 pm on Thursday the 19th of September 2024. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*approx.

EXPRESSION OF INTEREST

Closing date and time19/09/2024 15:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Gross Waddell ICR Pty Ltd
Gross Waddell ICR Pty Ltd
Level 1/30 Collins St
Melbourne, VIC 3000

Property Highlights

Floor Area1,000 m²
Land Area1,575 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019428825
Category
Last updated  22 Aug 2024
Map for 19 & 21 Toolambool Road Carnegie VIC 3163
Gross Waddell ICR Pty Ltd
Gross Waddell ICR Pty Ltd
Level 1/30 Collins St
Melbourne, VIC 3000

Property Highlights

Floor Area1,000 m²
Land Area1,575 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019428825
Category
Last updated  22 Aug 2024

Co-Agents

Danny Clark
Gross Waddell ICR Pty Ltd
Call
0448 066 889
Michael Gross
Michael Gross
Gross Waddell ICR Pty Ltd
Call
0419 355 561
Glenn Ye 叶格林
Gross Waddell ICR Pty Ltd
Call
0400 880 388

More about 19 & 21 Toolambool Road Carnegie VIC 3163

19 & 21 Toolambool Road Carnegie VIC 3163 is categorized as Land & Development Property. It has a floor area of 1,000 m² and a land area of 1,575 m². The listing ID for this property is 2019428825.

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