Perfectly positioned for its next exciting chapter, this extremely rare Herne Hill allotment presents an exceptional opportunity with three separate residences on one generous 601m² (approx.) block. Whether you're a developer seeking potential for future growth (STCA), or an investor ready to enjoy strong rental returns, this unique property offers tremendous value.
Set in a tightly held and highly sought-after location, it's just moments from Holy Spirit Primary School, some of the state's top high schools, scenic walking tracks and bike trails, the Barwon River, public transport, and provides easy access to the Geelong Ring Road.
The front residence features three well-proportioned bedrooms (two with built-in robes), a spacious living room, original kitchen, central bathroom with bath, shower, and single vanity, plus a rear laundry and separate toilet. At the rear of the block are two one-bedroom units, each comprising an open-plan living and kitchen area, joint bathroom and laundry space with shower, and a separate toilet. Outdoors, the property includes a private yard and four undercover carport spaces.
An outstanding option for the savvy investor or the visionary developer, this rare offering delivers immediate income potential with a current combined rental return of approximately $875 per week, along with long-term capital growth in a thriving, in-demand suburb.
All information offered by Whitford is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Whitford merely do no more than pass the information on. Use of such material is at your sole risk. Whitford does not have any belief one way or the other as to whether the information is accurate and prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Whitford will not be liable for any loss resulting from any action or decision by you in reliance on the information from Whitford.
All information offered by Whitford is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Whitford merely do no more than pass the information on. Use of such material is at your sole risk. Whitford does not have any belief one way or the other as to whether the information is accurate and prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Whitford will not be liable for any loss resulting from any action or decision by you in reliance on the information from Whitford.
