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59 Clow Street, Dandenong, VIC 3175, 15 habitaciones, 13 baños, Unit

Expressions of Interest

59 Clow Street, Dandenong, VIC 3175

15
13
13
2127m2
UnitFecha de Listado 09-09 00:00
South East Melbourne

Dandenong 15Habitaciones Prime Investment Opportunity

2127sqm Block with 2 two bedroom units and 11 One-Bedroom Units + Development Potential

Property Highlights:

? 2041sqm block on one title

? 13 well-maintained, fully tenanted units

? Private car parking for all units

? Impressive rental income of approx. $200,000 per year

? Zoned for potential large-scale apartment development (STCA)

This is a rare opportunity to secure a high-yielding investment property with strong rental returns, offering immediate cash flow and significant development potential. Situated on a substantial 2041sqm parcel, the property features 13 individual one-bedroom units, each complete with its own parking space, making it a desirable option for tenants and investors alike.

The property currently generates an annual rental income of approximately $200,000, thanks to existing long-term tenants. However, based on today's rental market, the potential rental income is estimated to be around $300,000 per year. This asset offers a stable return, with an approximate gross return on investment of 6.5% (potentially), but its true value lies in the potential to develop a large apartment complex (Subject to Council Approval).

Perfect for astute developers or investors looking for a property that combines current income with future growth potential.

Don't miss this exceptional opportunity!

Photographs may incorporate virtual furniture staging. All structures depicted remain unaltered.

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nombre
distancia
tipo
nivel
atributo
género
Score
Dandenong Primary School
0.33 km
Primaria
Prep-6
Escuela Pública
icsea: 930
Dandenong High School
1.13 km
Secundaria
7-12
Escuela Pública
icsea: 895

historial de propiedad

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Datos circundantes de Dandenong

ventas en el perímetro

dirección de la calle
distancia
número de dormitorios
número de baños
área de construcción
fecha de venta
precio de venta
fuente de datos
22/57 Clow Street, Dandenong
0.02 km
3
2
-m2
2024 año 12 mes 02 día
$488,800
Council approved
9/69 Clow Street, Dandenong
0.16 km
3
2
-m2
2024 año 10 mes 15 día
$420,000
Council approved
2/61-63 Clow Street, Dandenong
0.03 km
1
1
-m2
2024 año 10 mes 06 día
-
Council approved
10/61-63 Clow Street, Dandenong
0.03 km
2
1
-m2
2024 año 08 mes 26 día
-
Council approved
1 Sleeth Avenue, Dandenong
0.08 km
3
2
-m2
2024 año 08 mes 16 día
$810,500
Council approved

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código de propiedad:R2-4281507última actualización:2025-01-24 04:16:05