That is my personal view of this property and I have sold enough and worked in the area long enough to know where this property is heading. *(Yes I would buy this property myself…..if the bank would lend me the money)
Due to the longer than normal lease agreement signed prior to people discovering the true value of this property. This is a SMART BARGAIN BUY at this price!!!!
Similar properties to this in similar locations have fetched $4 000 000-$7 000 000 due to changing needs of the area. It is inevitable that Murray St will boom.
This one is for those who are patient, those who are happy to park their money knowing that there will be “Massive” rewards for their time and effort.
Currently on a long term lease to “Murray St Early Learning Centre”

Why you SHOULD buy!
-Location, Location, Location, Location, Location, LOCATION!!!!
-716m2 Residential Growth Zone (17.2 X 42)
-Recent sale in Clayton at $4 000 000 (980m2) Same Zoning
-Realistic Potential to Double and Triple in Value based on similar characteristic properties in similar characteristic suburbs (Box Hill, Glen Waverley)
-Great Long Term Investment, Blue Chip Stock
-It Is Cheap and Undervalued

Why you Shoudn’t buy!
-If you have no patience
-If you are chasing rental yield (Lease is subject to annual increase CPI based and at the end of each term market review)* Refer to lease agreement
*All Enquiries must have full contact details, Full name, Phone Number and Email address
*Inspections are by appointment only and restricted to after hours (Due to the nature of the business being operated)
*Photo ID required at all First National JXRe open for inspections and auctions. First National JXRE may refuse to provide further information on the property should you prefer not to disclose your full contact information including phone number.
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