204 Neerim Road, Carnegie offers a rare combination of secure income, strong local advantages, and multiple value-add opportunities (STCA). The property sits on 1,002m²* of under-utilised land and comprises 11 two-bedroom apartments.• Fully let annual income of $240,000 (approx.) supported by a consistent & sustainable tenancy profile.• Allocated parking and well-maintained building features enhance tenant appeal.• Located in the heart of Carnegie, one of Melbourne’s fastest-growing and tightly held suburbs.Value-Add Opportunities (STCA)• Subdivision and creation of individual titles for enhanced flexibility and resale potential.• Ground floor expansion opportunities.• Courtyard reimagining as lifestyle spaces.• Targeted refurbishments to modernise and elevate rental growth.• Supported by favourable Neighbourhood Residential Zoning (NRZ), allowing potential long-term redevelopment.Location Highlights• Walking distance to Koornang Road’s bustling retail and dining precinct.• Surrounded by national retailers including Chemist Warehouse, Woolworths, Aldi & Rosstown Hotel.• Excellent connectivity to lifestyle and employment hubs: - Chadstone Shopping Centre – 2.52km* - Monash University – 1.1km* - Melbourne CBD – 10.5km* - Dandenong Road – 500m*• Strong transport links: 730m* to Carnegie Train Station, 300m* to tram, and 70m* to bus stops.For further information, please contact the exclusive selling agents Buxton today.* Approximately
