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.
