An outstanding development or investment opportunity with capital growth potential.
This group of 12 one bedroom units, on one title, occupy a substantial allotment in a blue-chip pocket of Essendon.
The property comprises a generous 810m2 of land directly adjoining parkland. It offers the opportunity to either enhance at your leisure, sit and hold for the future
or potentially redevelop as a Multi unit or new home site STCA.
Located within walking distance of everything Essendon has to offer, this is a high growth location.
Featuring 12 good size one bedroom apartments , all of varying condition & each comprising a spacious kitchen with gas cooking, bedroom with built in robes,ensuite bathroom & light filled living rooms.
Communal laundry facilities & off street parking for 12 cars.
Ideally located an approximate 5 minute stroll to North Essendon Shopping village, Keilor road tram, shops, cafes, restaurants, DFO and handy access to Citylink.
Potential Net Return of $85,300 PA Approx.
Incredible investment, with the potential to develop, upgrade and resell, or just set and forget.
