Offering a combined return of approximately $41,000 per annum and significant future upside, this versatile property presents a rare opportunity in the heart of Monbulk.
With 23 metres of Main Road frontage, two crossovers, rear laneway access, and connection to mains sewerage, the property lends itself to a wide range of potential uses. These include future subdivision (STCA) under the forthcoming Monbulk Housing Strategy, or alternative options such as professional suites or further redevelopment, subject to council approval.
The main residence is a tastefully renovated two-bedroom home plus study, featuring a large kitchen, spacious lounge room, and a full-length sunroom that doubles perfectly as additional living or workspace. Comfort is assured year-round with gas heating, split-system air conditioning, and a double carport.
The separate studio is well-appointed with split-system heating and cooling, an updated kitchen and bathroom, and the added benefit of separate rear laneway access, enhancing flexibility and privacy.
Currently comprising four lots on one title, the long-term redevelopment potential is substantial. All of this is complemented by an excellent location, just a short walk to Monbulk township, shops, cafés, and local amenities.
A compelling opportunity to secure strong income today while positioning for future growth.
Enquire now to add a high-potential asset to your property portfolio
