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WHOLE BLOCK OF APARTMENTS WITH SIGNIFICANT UPSIDE IN PRES...

42 Magnolia Road, GARDENVALE VIC, 3185

Sold

Property Sold in 42 Magnolia Road, GARDENVALE VIC, 3185

Gross Waddell Pty Ltd

Level 6/60 Collins Street , Melbourne, VIC 3000

Listing ID:
11318972
Status:
Sold
Price:
Contact Agent
Last Updated:
26/12/2018
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Property Type

Land/Development
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Land Area

928 SQM
Icon size

Floor Area

N/A
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Parking

N/A

WHOLE BLOCK OF APARTMENTS WITH SIGNIFICANT UPSIDE IN PRESTIGE LOCATION

**AUCTION: Sunday 28th October 2018 at 12pm onsite**

FIRST TIME OFFERED IN 50 YEARS

Whole block of apartments positioned in the heart of the highly sought-after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools.

• 5 large 2 bedroom apartments
• Substantial land holding of 928m2*
• Zoning: Neighbourhood Residential Zone 1 (NRZ1)
• Current income of $83,244* p.a. with potential for immediate uplift
• ‘Value add opportunity’ – invest, develop (STCA) and/or sell down
• Onsite car parking

*Approx.

For more details, please email agent

Gross Waddell Pty Ltd

Level 6/60 Collins Street , Melbourne, VIC 3000


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