Presented in a premium location with high rental return and potential multi-development opportunities (STCA).
Returning $68,112 P/A from 3 appealing and fully leased units, this enormous development site presents a prime re-development opportunity suitable for apartments/ town houses/ units / student accommodation STCA. With an attractive street frontage of 19.05m, this vast 912sqm (approx.) allotment on three titles, is to be sold as one.
This high growth area surrounded by large apartments and town house developments await the astute buyer to claim. Ideal for developers seeking a large parcel of land, or investors looking for long term holding to enjoy the high rental income and capital growth.
Located in this much sought after region surrounded by local cafes and shops, leading schools including PLC (No.12 VCE ranking 2014), Mount Scopus (No.1 VCE ranking 2014), Deakin University with tram and buses just a few short steps away.
- Huge land 912 sqm
- Frontage of 19.05m
- Rental income $68, 112 P/A
- High growth area surrounded by large developments!
- Prime location with prestige schools, Deakin Uni, public transport and shops.