1-12/20 Cooper Street

Preston VIC 3072

Block of units

Currently for sale - view listing

Overview

Calling all investors for this rare opportunity!

An investor's dream, this collection of apartments will take pride of place in any property portfolio, with their excellent rental returns and sub-division potential (STCA). Under the one title, this block of 12 apartments allows scope for improvement, each offering similar layouts revealing two spacious bedrooms serviced by a central bathroom/laundry plus great open plan kitchen, meals and living zone. There’s also the added benefit of each having their own access to off-street parking. Positioned in a blue-ribbon locale, within close proximity to the Preston Market, High Street shopping/dining, public transportation; Preston Train Station, parklands and numerous amenities. Total land size is 1,283sqm (approx.). Lease returns of approximately $260,000 per annum. - Rare opportunity to purchase 12 apartments under the one title. - Excellent land bank prospect, with scope to improve, subdivide to sell off individually or continue to keep as a rental investment. (STCA) - Blue ribbon location central to local shopping, schools, transport and parklands.