Property Details

42 Magnolia Road GARDENVALE, VIC 3185

Sold
Land/Development
Description

WHOLE BLOCK OF APARTMENTS WITH SIGNIFICANT UPSIDE IN PRESTIGE LOCATION

Land/Development Sold - GARDENVALE VIC

**AUCTION: Sunday 28th October 2018 at 12pm onsite**

FIRST TIME OFFERED IN 50 YEARS

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.a. with potential for immediate uplift
• ‘Value add opportunity’ – invest, develop (STCA) and/or sell down
• Onsite car parking

*Approx.

Property Features
  • Land/Development
  • Land is 928.00 m²
Commercial Features
Zone

Neighbourhood Residential