Exceptionally rare to the market and ideally positioned just 200m (approx.) from Regent Railway Station, this remarkable 1,126 sq m (approx.) parcel of land offers a prime investment opportunity. The property features a well-maintained 3-bedroom home and seven 1-bedroom residences, all conveniently held on a single title.
For investors, this property offers strong future growth potential along with a current income stream of $141,500 per annum, with the possibility to increase to approximately $160,000 per annum in the near term. For developers, there's an exciting opportunity to subdivide (STCA), unlocking even more value.
Located just 10km from Melbourne's CBD, this prime spot offers easy access to Preston Market, local cafes and restaurants, Preston Primary School, the Western Ring Road, the Gilbert Road tram, and Edwards Lake.
* 1,126 sq m (approx.) of prime land
* Includes 2-bedroom and seven 1-bedroom homes
* Current income: $141,500 per annum
* Potential income: $160,000 per annum
* 10km to Melbourne CBD
This is a rare opportunity not to be missed!
Terms: 10% deposit, balance 30/60/90 days
