Nelson Alexander Commercial are pleased to offer For Sale 172 Lower Plenty Road Rosanna. Comprising 12 individual apartments this modern block of 12 apartments offers the ideal ‘set and forget’ investment.

Key Property Features:

> Zoned General Residential 1 (GRZ1)
> 100% leased with a strong rental income of $250,000pa* via a mix of fixed term and monthly leases
> Basement carparking (no stackers) plus additional common/storage area
> Wide 25.3m* frontage and underpinned by a substantial 1037sqm* landholding
> Metro Melbourne residential vacancy rate currently sits at record lows of 2.2%** and annual increase of 15.7%**
> Only 13km* from the CBD and less than 2km* from Heidelberg Shopping precinct

172 Lower Plenty Rd offers an outstanding opportunity to secure a substantial apartment complex with both secure income and future rental growth and the flexibility of future subdivision^.

For all enquiries or to arrange an inspection, please contact exclusive agents Nelson Alexander Commercial on 9419 5511.

+Kristian Lunardi
0401 810 5...
klunardi@nelsonalexander.com.au

*approx.
^STCA
**Source: REIV.com.au and dffh.vic.gov.au