Positioned on a generous 694m² allotment, this property presents an exceptional opportunity for investors seeking strong land value, future development potential, and rental upside (STCA).
The substantial land size allows for subdivision or dual-occupancy potential, while the double garage at the rear offers scope to be converted into a self-contained granny flat, creating an additional income stream (STCA).
The property is currently tenanted at $380 per week, providing immediate holding income, with market conditions indicating a rental potential of approximately $430–$450 per week following future lease renewal or improvements.
Located in a high-demand rental pocket close to schools, shopping precincts, public transport, and with easy access to Geelong CBD and the Princes Highway, this is a strategic investment combining cash flow, land content, and long-term capital growth potential.
Key Features.
Generous 694m² allotment offering subdivision or dual-occupancy potential (STCA)
Strong land value with future development upside
Currently tenanted at $380 per week providing immediate rental income
Rental potential of approx. $430–$450 per week based on current market conditions
Double garage at the rear with potential to convert into a granny flat for additional income (STCA)
Practical existing dwelling ideal to hold, lease, and plan future improvements
Located in a high-demand rental pocket close to schools, shops, public transport
Easy access to Geelong CBD and Princes Highway
Ideal set-and-forget investment with multiple value-add pathways
Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All stated dimensions in the content and photos are approximate only. Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee their correctness. Prospective purchasers are advised to carry out their own investigations.
