204 Neerim Road, Carnegie offers a rare combination of secure income, strong local advantages, and multiple value-add opportunities (STCA). The property sits on 1,002m²* of under-utilised land and comprises 11 two-bedroom apartments.
• Fully let annual income of $240,000 (approx.) supported by a consistent & sustainable tenancy profile.
• Allocated parking and well-maintained building features enhance tenant appeal.
• Located in the heart of Carnegie, one of Melbourne’s fastest-growing and tightly held suburbs.
Value-Add Opportunities (STCA)
• Subdivision and creation of individual titles for enhanced flexibility and resale potential.
• Ground floor expansion opportunities.
• Courtyard reimagining as lifestyle spaces.
• Targeted refurbishments to modernise and elevate rental growth.
• Supported by favourable Neighbourhood Residential Zoning (NRZ), allowing potential long-term redevelopment.
Location Highlights
• Walking distance to Koornang Road’s bustling retail and dining precinct.
• Surrounded by national retailers including Chemist Warehouse, Woolworths, Aldi & Rosstown Hotel.
• Excellent connectivity to lifestyle and employment hubs:
- Chadstone Shopping Centre – 2.52km*
- Monash University – 1.1km*
- Melbourne CBD – 10.5km*
- Dandenong Road – 500m*
• Strong transport links: 730m* to Carnegie Train Station, 300m* to tram, and 70m* to bus stops.
For further information, please contact the exclusive selling agents Buxton today.
* Approximately
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