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SOLD

26 Queen Street, ESSENDON, VIC 3040

Properties / Sold / Victoria / Essendon

Development Potential

1. Property Summary

Property Type

Residential

Sub Type

Apartment Sites, Townhouse Sites

Land Area

810 m² (*approx)

Zoning

R1Z

General Residential Zone

Local Government

Moonee Valley

Selling Method

Expressions of Interest: Contact Agent

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2. Property Highlights

Expressions of Interest Closing 17th November at 4pm

An outstanding development or investment opportunity with capital growth potential.

This group of 12 one bedroom units, on one title, occupy a substantial allotment in a blue-chip pocket of Essendon.

The property comprises a generous 810m2 of land directly adjoining parkland. It offers the opportunity to either enhance at your leisure, sit and hold for the future

or potentially redevelop as a Multi unit or new home site STCA.

Located within walking distance of everything Essendon has to offer, this is a high growth location.

Featuring 12 good size one bedroom apartments , all of varying condition & each comprising a spacious kitchen with gas cooking, bedroom with built in robes,ensuite bathroom & light filled living rooms.

Communal laundry facilities & off street parking for 12 cars.

Ideally located an approximate 5 minute stroll to North Essendon Shopping village, Keilor road tram, shops, cafes, restaurants, DFO and handy access to Citylink.

Potential Net Return of $85,300 PA Approx.

Incredible investment, with the potential to develop, upgrade and resell, or just set and forget.

Remember to mention you found this property on DevelopmentReady