14 Cadby Avenue, Ormond

With strong returns today and the strength of a GRZ1 position for tomorrow, this is the College Zone’s best site…call for a site inspection now! This approx 696sqm property doesn’t need to be seen to be believed! All you need to know is that there are four flexible long-term tenancies currently returning in excess of $50,000pa, multi-level, multi-dwelling possibilities, and the station in sight!In the heart of the McKinnon College Zone just four blocks to the College and 200m to Ormond’s retail strip and station, this versatile location will motivate buyers across a range of markets. There’s the educational opportunity that families want, the access to transport that first home-buyers need, and the lifestyle advantages that down-sizers want – a walk to cafes, restaurants and shopping.Comprising an original three bedroom Californian Bungalow main home plus three separate (and separately tenanted) self-contained bungalows, the property provides a rare combination of flexibility and yield - with an excellent rental history of almost nil-vacancy and a proven payment schedule.Take the opportunity to commence planning right away. Calculate how current income will contribute to holding costs across your timeline. Consider the unlimited potential from this ever-evolving locale. Cut straight to the chase and secure sight unseen!