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

42 Magnolia Road, GARDENVALE VIC, 3185

For Sale

Property for Sale in 42 Magnolia Road, GARDENVALE VIC, 3185

Gross Waddell Pty Ltd

Level 6/60 Collins Street , Melbourne, VIC 3000

Listing ID:
11318972
Status:
Active
For:
Sale
Price:
Contact Agent
Last Updated:
16/10/2018
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Property Type

Land/Development
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Land Area

928 SQM
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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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