***The Auction will take place Thursday 21 May at 6:30 PM at Ray White Bundoora Office located at 1344-1346 Plenty Road, Bundoora***
2 Properties On One Title
Welcome to an outstanding investment opportunity set on a generous 700sqm (approx.) corner allotment, offering both immediate rental returns and exciting future potential.
Currently comprising two well-maintained units, each with its own private backyard and lock-up garage, this versatile property is ideal for investors seeking a reliable income stream or those looking to explore future development options (STCA). With strong tenant appeal and a proven rental history, this is a rare chance to secure a quality dual-occupancy holding in a high-demand location.
Both units feature functional kitchens, comfortable living areas, and practical layouts designed to suit modern tenants. The spaces are well proportioned and easy to maintain, making them consistently popular within the rental market.
Unit 1 (brick veneer) offers three spacious bedrooms, while Unit 2 (weatherboard) includes two bedrooms, providing flexible accommodation options for singles, couples, and small families. Each residence is complemented by a well-appointed bathroom and excellent natural light throughout.
A standout feature is the inclusion of separate outdoor areas for each unit-private backyards that enhance lifestyle appeal and add significant value in the rental market. Combined with individual garages, the property delivers the kind of convenience and privacy rarely found in multi-unit opportunities.
Perfectly positioned within walking distance to Thomastown Train Station, local schools, and only minutes from the vibrant Station Street shopping precinct, cafés and eateries, this location offers unbeatable accessibility. With easy access to the Metropolitan Ring Road and major arterial routes, the property is ideally placed for commuters and future growth.
This is a prime opportunity to secure a high-performing investment with long-term upside in a rapidly developing area.
Land Size: 694m2 (Approx)
Deposit: 10% of the purchase price
Settlement Preference: 30/60/90 days
Rental Assessment: $3600 per calendar month for both together
Owners Corp Fee: nil
