ACUTE INVESTORS COME TO THE NORTHSIDE.
EXPRESSIONS OF INTEREST CLOSED - OFFERS UNDER REVIEW
POINT OF INTEREST:
The inner north has only just started to hit its stride when it comes to soaring property ROI (Return on Investment) and the rental prices that follow — and now, the next big thing to hit the market is here. A two-level, strata titled apartment block, consisting of six one bedroom units and three two bedroom units across 900sqm* of land, offering a sound portfolio investment as is, or an exciting new project for transformation.
The nine titles are fully tenanted with the building having an additional common laundry area (and the rooms include laundry taps too), a service room, and ample on-site car parking. The main bedrooms feature built-in robes, a large lounge with a balcony, gas-powered kitchens, and bathrooms with showers over the baths.
Beyond the specialist bakeries and Mediterranean grocers, this pocket of Northcote has the best of the postcode. It’s a two-minute walk to the 86 tram, a 20-minute walk to Croxton railway station, and a few tram stops away from Northcote Plaza Shopping Centre.
- Nine residential tenancies, 100% occupancy
- A combined gross rental income of $135,564 per annum.
- 905 sqm* of total land area with 20.8 m* frontage.
- General Residential 2 (GR2) zoning.
- Future Development / Value add opportunity
- 165m* to route 510 bus stop.
- 700m* to High street shopping precinct and Clarendon tram stop #38
- 1.3km* to Thornbury railway station.
- 7 km* northeast of the CBD.
POINT OF VIEW:
Fully tenanted, as the baseline standard. Because when it comes to 3071, the campaign writes itself: Welcome To Thornbury.
*Approx.
Pricing excludes GST
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