A rare and significant opportunity presents itself to secure an entire block of three units on a substantial 1,144sqm (approx.) allotment. Offering an immediate combined rental return of approximately $80,000 per annum, this tightly held holding delivers both strong income and long-term upside. Beyond the existing yield, the property also presents outstanding scope for redevelopment, with potential to transform the site into a collection of luxury new homes (STCA), unlocking further capital value in a highly desirable pocket.
Delivering exceptional convenience and lifestyle ease, this prized address is within walking distance of Springvale Shopping Centre, where a vibrant mix of shops, fresh food markets, eateries, banking and essential services awaits. Families are well catered for with Springvale Community Hub Playground, Springvale Rise Primary School, St Joseph’s Catholic Primary School and Killester College all within an easy stroll. Boasting immediate access to local buses and Sandown Park Station, connectivity is assured.
Unit 1: Open plan living/dining/kitchen, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Unit 2: Open plan living, study nook, kitchen with meals, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Unit 3: Open plan living, kitchen with meals, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Inclusions: Heating and cooling plus lock-up garage across all three units
DISCLAIMER:
Every effort has been made to ensure the information contained in this advertisement is accurate and current at the time of publication. Information may have been obtained from third parties and has not necessarily been independently verified. To the extent permitted by law, iSell Group accepts no liability for any errors, omissions or inaccuracies. Nothing in this disclaimer excludes, restricts or modifies any rights or remedies that cannot lawfully be excluded.
Photographs, floor plans, dimensions and other illustrations are provided for general guidance only. Some images may have been virtually staged or digitally enhanced for illustrative purposes and may not reflect the property's actual presentation, furnishings or inclusions. Prospective purchasers should conduct their own enquiries, inspect the property and verify all relevant information, including measurements, fixtures, inclusions and property particulars, before making a purchasing decision.
Purchasers are also encouraged to review the Due Diligence Checklist provided by Consumer Affairs Victoria: Due diligence checklist - for home and residential property buyers.
