An exceptional opportunity awaits at 88 Kipling Avenue, Mooroolbark, offering immediate rental income together with exciting future development potential in a highly sought-after location. Set on approximately 911m², this versatile property presents the perfect combination of investment security and future growth.
The existing brick veneer home comprises three bedrooms, one bathroom and comfortable family living spaces, currently leased to a terrific long-term tenant who would love to remain in the property. With a month-to-month tenancy, rental return of $2,477.00 per calendar month - investors can enjoy instant rental returns while retaining flexibility for the execution of the future plans for the rear dwelling.
What truly sets this property apart is the inclusion of approved plans and permits for an additional single dwelling at the rear. Thoughtfully designed, the proposed residence will feature three bedrooms, a study, two bathrooms and a double lock-up garage, creating an outstanding opportunity for developers, investors or multi-generational living.
Perfectly positioned within easy reach of Mooroolbark shopping precinct, cafes, schools, parks and public transport, the location continues to grow in popularity with families and investors alike. Enjoy convenient access to Mooroolbark Train Station, local sporting facilities and the beautiful open spaces that make the area such a desirable place to live.
Whether you are looking to expand your investment portfolio, develop now or landbank for the future, this is a rare opportunity to secure a property with both strong holding income and exciting approved development potential.
