Current rental return: $85,000 per year!
A fantastic opportunity arises for this 8 apartments development site with plans and permits approved by the council.
Ideal for the builder or developer looking to increase their portfolio in a high rental/high re-sale value area set within walking distance to Monash University and only minutes away from Clayton Train Station, Monash Medical Centre, Clayton Community Centre and Clayton shopping strip, this perfect site in one of Melbourne's fastest growing suburbs will not last long!
Featuring:
The existing property consists of 8 bedrooms, 5 bathrooms and 6 toilets, currently rental return: $85,000 approx per year.
Plans and permits comprises of 8 x 1 or 2 bedroom apartments (from 50sqm - 98sqm excl balcony or courtyard) with basement car parking.
All you have to do is build the property and make the money!
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by consumer affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
