ULTIMATE FLEXIBILITY: WHOLE BLOCK OF FULLY LEASED FLATS + VALUE ADD PERMIT FOR SURPLUS LAND
- The ideal investment opportunity to purchase a whole block of six (6) oversized Malvern flats that are fully-leased & income-producing and a present a clear refurbishment angle or potential rental uplift for value-add investors.
- Including a massive development upside with an approved permit for an additional residence to be constructed
- Direct street frontage to the idyllic tree-lined McArthur Street which provide convenient access to the retail, hospitality and transport amenity along Malvern Road.
- Excellent transport linkages, Tooronga Train Station, tram & bus stops, close access to Monash Freeway providing direct Melbourne CBD access
- A location that suits families, young professionals, down-sizers & retirees being only a short walk to vast array of lifestyle amenities: Spring St Park (800m*), Malvern Road Retail Strip (400m*), Lauriston Girls’ School (1.1km)
- Exceptional Malvern Median House price of $2,415,000**almost triple the Melbourne median
FOR SALE VIA PUBLIC ON-SITE AUCTION WEDNESDAY 18TH DECEMBER AT 2.30PM