Strategic Investment, Entire Apartment Block
A whole apartment block, on a single title, occupying an allotment measuring in excess of 1000sq metres approx., clearly represents one of the most important investment opportunities in Glen Iris for some considerable time. The rewards, and the options, confirm the status. Comprising ten two bedroom apartments and two one bedroom apartments, offering conservative projected returns of some $196 344 per annum when fully occupied, this impressively maintained, ideally positioned building features eight apartments with balconies and off street parking for each property, six undercover. Proximity to Malvern Road cafes, High Street trams, Gardiner station trains and Harold Holt pool provide lifestyle assets in very direction while scope to strata title and re-sell or sub-divide and re-develop, STCA, are among the options open to astute investors. An outstanding prospect from a superannuation prospect, unlikely to matched in the area for many years.
Conjunctional Agent:
Philip Webb Doncaster
Anthony Webb 0408 578 771
Land: 1,000 sq. metres approx.
Lot/Plan No: /~10/103/3416