42 Magnolia Road Gardenvale VIC 3185

**AUCTION: Sunday 28th October 2018 at 12pm onsite**

FIRST TIME OFFERED IN 50 YEARS

Whole block of apartments positioned in the heart of the highly sought-after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools.

• 5 large 2 bedroom apartments
• Substantial land holding of 928m2*
• Zoning: Neighbourhood Residential Zone 1 (NRZ1)
• Current income of $83,244* p.a. with potential for immediate uplift
• ‘Value add opportunity’ – invest, develop (STCA) and/or sell down
• Onsite car parking

*Approx.