Unbeatable location is the first thought that comes to mind when you see this massive development site currently set up as a 7 bedroom student accommodation returning $3800pcm.

Enjoy the never ending cash flow from rent while you get your plans and permits to further develop this property.

Perfect opportunity arises for the investor and developer for this huge block with just under 800sqm (approx) of land directly opposite Monash University.

Land size 16.9 x 46.8 = 790sqm approx.
Ideally suitable for 3 townhouse development site (STCA)
Perfect for Apartment development site (STCA)
Currently tenanted 7 large bedrooms with huge living areas
Rental currently returning $3800 pcm or $45600 per year

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.