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1-11, 204 Neerim Road, Carnegie, VIC 3163

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1-11, 204 Neerim Road, Carnegie, VIC 3163

Carnegie

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1-11, 204 Neerim Road, Carnegie, VIC 3163

1-11, 204 Neerim Road, Carnegie, VIC 3163

Properties / Buy / Victoria / Carnegie
Development Potential
Property Type
Residential
Sub Type
Apartment Sites, Land Site
Land Area
1,002 m² (*approx)
Zoning
NRZ
Selling Method
For Sale: $3,700,000 - $4,070,000
DOCUMENTS AVAILABLE
Auction Date
8 Oct 2025 12:30PM
Show All
An Unparalleled Opportunity

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

Remember to mention you found this property on DevelopmentReady

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Dataroom
Development Potential

204 Neerim Road Development Site Summary

Property Type
Residential
Sub-type
Apartment Sites, Land Site
Land Area
1,002 m² (*approx)
NRZ
Selling method
For Sale: $3,700,000 - $4,070,000
DOCUMENTS AVAILABLE
Gain Access
Auction Date
8 Oct 2025 12:30PM

Development Site Highlights

An Unparalleled Opportunity

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

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

Property Location of 1-11, 204 Neerim Road, Carnegie, VIC 3163

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