Nestled in the heart of Brooklyn, one of Melbourne's fastest-growing suburbs, this outstanding block of six single-level, 2-bedroom, 1-bathroom units offers a remarkable investment opportunity. Set on a generous 1,249 sqm (approx.) parcel of land, this property combines solid rental returns with future development potential (STCA).
Each 2-bedroom unit is thoughtfully designed, with practical layouts, light-filled interiors, and low-maintenance finishes that have attracted long-term tenants. The current rental returns showcase its consistent performance, generating approximately $84,000 in the last financial year.
The sheer scale of the land and its strategic location enhance the appeal for developers and investors alike. With its expansive block size, this property presents the possibility of multi-dwelling redevelopment or other lucrative ventures (subject to council approval).
Perfectly positioned within close proximity to essential amenities, 41 Cypress Avenue is a short drive to Altona Gate Shopping Centre, schools, parks, and Brooklyn's lively caf? culture. Access to the CBD is effortless via the nearby freeway, making this a prime location for urban living.
Don't miss this chance to secure a prime investment in a high-demand location with endless possibilities. Whether you're looking to expand your portfolio or explore development potential, 41 Cypress Avenue is a rare offering that demands attention.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 2 | 2 | -m2 | 2024 11 28 | - | Council approved | |
 | 0.04 km | 3 | 1 | -m2 | 2024 11 19 | - | Council approved | |
 | 0.25 km | 3 | 2 | -m2 | 2024 10 24 | $729,000 | Council approved | |
 | 0.24 km | 2 | 1 | 73m2 | 2024 10 16 | $365,000 | Council approved | |
 | 0.24 km | 6 | 4 | -m2 | 2024 10 04 | - | Council approved |