A rare and significant opportunity presents itself to secure an entire block of three units on a substantial 1,144sqm (approx.) allotment. Offering an immediate combined rental return of approximately $80,000 per annum, this tightly held holding delivers both strong income and long-term upside. Beyond the existing yield, the property also presents outstanding scope for redevelopment, with potential to transform the site into a collection of luxury new homes (STCA), unlocking further capital value in a highly desirable pocket.
Delivering exceptional convenience and lifestyle ease, this prized address is within walking distance of Springvale Shopping Centre, where a vibrant mix of shops, fresh food markets, eateries, banking and essential services awaits. Families are well catered for with Springvale Community Hub Playground, Springvale Rise Primary School, St Joseph’s Catholic Primary School and Killester College all within an easy stroll. Boasting immediate access to local buses and Sandown Park Station, connectivity is assured.
Unit 1: Open plan living/dining/kitchen, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Unit 2: Open plan living, study nook, kitchen with meals, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Unit 3: Open plan living, kitchen with meals, 3 bedrooms with BIRs, bathroom, separate WC, laundry with external access
Inclusions: Heating and cooling plus lock-up garage across all three units
Disclaimer: In preparing this document, we have made every effort to ensure the information provided is accurate and reliable. However, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements contained herein. Some images may have been virtually styled or digitally enhanced for illustrative purposes. Prospective purchasers are encouraged to conduct their own enquiries to verify the information provided. Purchasers should also refer to the due diligence checklist available from Consumer Affairs: https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence.
