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40 Melrose Street
Parkdale VIC 3195
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40 Melrose Street Parkdale VIC 3195

  • Development / Land
  • 900 m²
  • For Sale, $2,900,000 (GST na)

ASSURED YIELD INVESTMENT

    EXPRESSIONS OF INTEREST
    A high assured-yield opportunity especially suited to commercial investors and SMSF holders, this parcel of three individually titled properties presents the potential to realise an above benchmark return of between 8-8.5% per annum on investment. ($250,000 approx/annum combined rental income).

    With each home securely leased and on a 5-year agreement (commenced March '24) that factors in CPI review annually on each anniversary of the commencement date of each Further Term, (further terms: four options terms to renew the leases for a period of five years each). This is a rare Set & Forget opportunity to add a quality residential real estate asset to your superannuation fund or investment portfolio.

    Occupying just over 900sqm of prime land, the well-presented homes are in immaculate condition that will demand no substantial maintenance outlay for years to come. Comprising two 3-BR double-storey homes as well as a single-level 2-BR property, they feature light-filled layouts with modern well-equipped kitchens, contemporary bathrooms and split system heating/cooling. Each residence also provides easy-care outdoor areas and ample garage parking.

    Situated in an established & high-quality position just back from Parkdale Plaza and within a walk of the station & transport, this exceptionally rewarding opportunity is zoned for both Mentone Girls and Parkdale secondary colleges and an easy trip to the beach each factor enhancing the properties' long term rentability.

    Inspection by appointment.

    For all enquiries please contact Mark Eddy 0408 098 308 Hodges Mentone.

    Property Highlights

    Floor Area45 m²
    Land Area900 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2019283001
    Category
    Last updated  12 Jul 2024
    Map for 40 Melrose Street Parkdale VIC 3195

    Property Highlights

    Floor Area45 m²
    Land Area900 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2019283001
    Category
    Last updated  12 Jul 2024

    Co-Agents

    Mark Eddy
    Hodges Mentone/Chelsea
    Call
    0408 198 308
    Mark Kosch
    Hodges Mentone/Chelsea
    Call
    0438 693 332

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