Springvale 1-4/815 Princes Hwy

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$1,137,000

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4 Units on 1 Title Returning around $54,000p.A.

4 4 4

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With 4 units on a single title resting on a large allotment, this property is a ready made investment offering instant returns of around $54,000p.a. making it great for the investors or those with self-managed superannuation funds. Furthermore, you could also look at their potential for renovation and subdivision meaning they could be re-rented or on-sold separately in the future that could give you an attractive short term windfall. And then developers could also explore its potential for complete redevelopment (STCA) which would also always be attractive in its service road position right behind a local shopping centre and close to buses, local school and Monash University. Each units offers similar features including a living/dining room with polished floors and a split system air conditioner, a kitchen with upright oven, a single bedroom with built in wardrobes and a bathroom with included laundry facilities. Outside, the block is largely concreted to keep tenants maintenance to a minimum and each unit also has a carport space of their own.

Property Features

  • Carports 4
Century 21 Property Group Property Group
280 Clayton Road
Clayton VIC 3168
 
Phone03 9544 8888  
 


Local Information Springvale

Education

Nearest Government Schools

  • Springvale Rise Primary School
  • Wellington Secondary College
  • Albany Rise Primary School
  • Springvale Park Special Developmental School
  • Westall Secondary College
  • Westall Primary School

Nearest Private Schools

  • St John Vianney's School
  • Minaret College
  • Fitra Community School
  • St Joseph's School
  • Mazenod College
  • Killester College

Local Amenities

Parks

  • Freeway Reserve
  • Leon Trembath Reserve
  • William Robert Lees Park
  • Lum Reserve

Services

  • Springvale Police Station
  • Clayton Police Station

Community Facility

  • Paddy O'Donoghue Community Centre

Sport and Recreation

  • Pat Wright Senior Oval