616-618 Warrigal Road,
Malvern East, VIC 3145
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Map of 616-618 Warrigal Road
Train stations within 5 km of 616-618 Warrigal Road, Malvern East, VIC 3145 Distance Holmesglen Station 229 m Alamein Station 1.3 km Ashburton Station 1.8 km Jordanville Station 1.9 km East Malvern Station 1.9 km POWERED BY HERE ©Tram stops within 5 km of 616-618 Warrigal Road, Malvern East, VIC 3145 Distance 41-Cantala Ave/Dandenong Rd (Armadale) 2.7 km 64-Darling Rd/Waverley Rd (Malvern East) 2.8 km 59-Gilmour St/Burwood Hwy (Burwood) 2.9 km 58-Warrigal Rd/Burwood Hwy (Burwood) 2.9 km 57-Queens Pde/Toorak Rd (Camberwell) 2.9 km POWERED BY HERE ©Bus stops within 5 km of 616-618 Warrigal Road, Malvern East, VIC 3145 Distance Mountfield Ave/Warrigal Rd (Chadstone) 64 m Holmesglen Tafe/Warrigal Rd (Chadstone) 144 m Waverley Rd/Warrigal Rd (Chadstone) 316 m Warrigal Rd/Power Ave (Ashwood) 426 m Ashwood Reserve/Power Ave (Ashwood) 447 m POWERED BY HERE ©
POWERED BY HERE ©
Immediate Revenue-Generating Asset with 13 apartments & vibrant retail
Newly completed apartment block constructed in 2022 offering substantial depreciation benefits.
Key Highlights of this property:
13 fully completed 1 and 2 bedroom apartments on one title with future ability to strata and sell down (STCA).
Well appointed with quality appliances and some apartments fully furnished.
Superb long-term investment and or current holding income with apartments either leased on one (1) year residential leases or can create higher return through Airbnb with successful track record.
Including - Ground floor retail shop securely leased on a 5 year lease to 2027 plus options to 2032.
Projected Net Income: $417,071 pa* + GST
Tactical acquisition with future options including long term investments and or sell down possibilities (STCA) with draft strata plan complete.
Close proximity to transport links including Holmesglen Train Station and several major bus routes.
Superb access to Monash Freeway north and southbound (600m*), directly opposite Chadstone Large Mega store Centre, Chadstone Shopping Centre (1.1km*) Australia's largest and world renowned shopping centre.
Large selection of lifestyle, amenity and services including Malvern Valley Golf Club, Ashwood Reserve Playground, Homlesglen Reserve, Glen Iris private Hospital and Holmesglen Institute.
Malvern East: A highly sought suburb with median house price of $2,125,000 and $633,500 for two (2) bedroom apartments.
The City of Stonnington: Blue chip metropolitan council with a Gross Regional Product of $10.13 billion*
Call us now to request an I.M as this is a rare offering
Key Highlights of this property:
13 fully completed 1 and 2 bedroom apartments on one title with future ability to strata and sell down (STCA).
Well appointed with quality appliances and some apartments fully furnished.
Superb long-term investment and or current holding income with apartments either leased on one (1) year residential leases or can create higher return through Airbnb with successful track record.
Including - Ground floor retail shop securely leased on a 5 year lease to 2027 plus options to 2032.
Projected Net Income: $417,071 pa* + GST
Tactical acquisition with future options including long term investments and or sell down possibilities (STCA) with draft strata plan complete.
Close proximity to transport links including Holmesglen Train Station and several major bus routes.
Superb access to Monash Freeway north and southbound (600m*), directly opposite Chadstone Large Mega store Centre, Chadstone Shopping Centre (1.1km*) Australia's largest and world renowned shopping centre.
Large selection of lifestyle, amenity and services including Malvern Valley Golf Club, Ashwood Reserve Playground, Homlesglen Reserve, Glen Iris private Hospital and Holmesglen Institute.
Malvern East: A highly sought suburb with median house price of $2,125,000 and $633,500 for two (2) bedroom apartments.
The City of Stonnington: Blue chip metropolitan council with a Gross Regional Product of $10.13 billion*
Call us now to request an I.M as this is a rare offering
Property ID: 504522656Last Updated: 25 Feb 2024
04113522...
616-618 Warrigal Road
Malvern East, VIC 3145
The Avenue Property Co.42 Florence Street
MENTONE, VIC 3194
MENTONE, VIC 3194
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