Discover a rare opportunity to secure a solid four-unit block on one title in a well-connected pocket of Reservoir. Ideal for developers, land bankers, and investors, this high-yield investment offers immediate rental income of approximately $56,000 per annum, along with exceptional long-term growth potential. Each spacious unit features two generous bedrooms, open-plan living, a functional kitchen, and its own allocated car space. Set on a sizeable allotment with wide frontage, the property also presents exciting future redevelopment possibilities (STCA).
Positioned for convenience, the address is moments from Ruthven Station, Reservoir Station, Broadway shops, local schools, parks, major road access, and essential amenities-ensuring strong and consistent tenant demand. Properties of this scale are tightly held in this high-growth location, making 23 Elsey Road an outstanding opportunity not to be missed.
