1 Meaker Avenue, Oak Park, VIC, 3046
Virtual Tour

Property Highlights

5 Units, 1 Title On 835m2, A Rare Offering

This exceptional investment is one of those rare opportunities that's hard to look past.

Set on approximately 835sqm, the complex comprises of five 2-bedroom units, each with a car space and private courtyards, packaged all on one title and in a prime residential location.

The block represents a strategic buy and hold option, further improvement potential or even redevelopment potential (STCA). While some of the units have had renovation upgrades in recent years, there is great potential for a full renovation, adding value to each and the opportunity to potentially separate into 5 titles to sell off individually achieving maximum profit in doing so.

With an estimated lettable return of approximately $90,000 per annum, the location is exceptional. Only meters from Oak Park Train Station, St Francis De sales. Oak Park Primary, Snell Grove Shopping Precinct, Oak Park Aquatic Centre, parks and reserve close by and only 12km to Melbourne CBD. An opportunity not to be missed, in a key economic centre bolstered by government development and key transport links.

Follow The Link Below To Register For The Auction:

Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Remember to mention you found this property on DevelopmentReady

calculator-icon Yield Calculator
calcultor-icon Yield Calculator
$ ×
$ ×

Due Diligence Tool

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Enquire Now