42 Magnolia Road, Gardenvale

Auction: Sunday 28th October at 12pm onsite

Whole block of apartments with significant upside in prestige location

Whole block of apartments positioned in the heart of the highly sought after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools

·         5 large 2 bedroom apartments

·         Substantial land holding of 928m2*

·         Zoning: Neighbourhood Residential Zone 1 (NRZ1)

·         Current Income of $83,244* p.as. with potential for immediate uplift

·         'Value add opportunity' - Invest, develop (STCA) and/or sell down

·         Onsite car parking

*Approx.

 

http://grosswaddell.com.au/commercial/42-magnolia-road-gardenvale-vic-3185/