15 Walter Street

Cranbourne VIC 3977

867 m²

Apartment

Currently for sale - view listing

Overview

Rare Investment Opportunity 3 Units on One Title Returning $68,100 p.a. on 862m² (Approx.)

First Time Offered in 44 Years! A tightly held investment in one of Cranbourne's most sought-after locations, this outstanding property offers three units on one title, generating a strong rental income of approximately $68,100 per annum, all set on a substantial 862m² (approx.) allotment within the Residential Growth Zone Schedule 2 (RGZ2). Whether you're an investor seeking immediate cash flow, a developer looking to unlock future potential (STCA), or an SMSF buyer wanting a blue-chip long-term asset, this is an opportunity not to be missed. Investment Highlights Three units on one title Returning approximately $68,100 per annum 862m² (approx.) allotment Residential Growth Zone Schedule 2 (RGZ2) Potential to subdivide or redevelop (STCA) Exceptional land banking opportunity with strong holding income High-demand central Cranbourne location Unit 1 2 spacious bedrooms Central bathroom Kitchen with adjoining meals area Spacious living room Car space Currently leased at $1,520 PCM Unit 2 2 spacious bedrooms Central bathroom Kitchen with adjoining meals area Spacious living room Car space Currently leased at $1,773 PCM Unit 3 3 spacious bedrooms Huge kitchen with meals area Two bathrooms Open-plan living area Lock up single garage Proposed rental return of $2,383 PCM Total Rental Return: Approximately $68,100 per annum Approximate Gross Rental Yield: 5.66% Prime Central Location Perfectly positioned within walking distance to Cranbourne Park Shopping Centre, High Street shopping precinct, cafés, medical facilities, public transport and Cranbourne Train Station. Also close to quality schools, including Cranbourne Secondary College, making this an attractive location for both tenants and future purchasers. An Opportunity That Ticks Every Box Properties of this calibre are incredibly difficult to find. Offering immediate rental income, outstanding development potential (STCA), and a premium growth location, this is a rare chance to secure a high-performing investment with enormous future upside. Invest. Develop. Land Bank. Prosper. For further information or to arrange a private inspection, contact John Lauretta today.