Improvements: 7 x 2 -bedroom units (brick veneer, circa 1960s)
Location: Approximately 100 meters from Dandenong Plaza and adjacent to Dandenong Primary School.
Land: Approx. 1619 m? (20.12m x 80.4 m, no easements)
Zoning: Residential Growth Zone ? (Schedule 1)
Gross Return:
Current return: ~$122,000 approx. per annum
Projected return: $140,000 approx. per annum
Prime location with enormous potential.
Currently underdeveloped.
Expected long-term investment with large capital gains due to its prime central location and zoning
Excellent rental history