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Vinci Carbone Property Pty Ltd - Melbourne

160-162 Waterdale Road Ivanhoe, VIC 3079

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160-162 Waterdale Road,
Ivanhoe, VIC 3079

Development Sites & Land

Price information

Sale - Expression of Interest

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Detailed listing

Key property information

Land area

Floor area

Parking info

Property extent

Zoning

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$194,152
Number of Tenants
12 Tenants

Private inspections

to arrange a private inspection.
Vinci Carbone Property Pty Ltd - Melbourne
Joseph Carbone
Frank Vinci

Vinci Carbone Property Pty Ltd - Melbourne

Level 10, 100 Collins Street
MELBOURNE, VIC 3000
Vinci Carbone Property Pty Ltd - Melbourne
160-162 Waterdale Road
Ivanhoe, VIC 3079

Detailed listing

Map of 160-162 Waterdale Road

Directions
  • Train stations within 5 km of 160-162 Waterdale Road, Ivanhoe, VIC 3079Distance
    Ivanhoe Station621 m
    Eaglemont Station902 m
    Darebin Station1.3 km
    Heidelberg Station1.7 km
    Alphington Station2 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 160-162 Waterdale Road, Ivanhoe, VIC 3079Distance
    44-Burke Rd/High St (Kew)3.8 km
    43-Kew High School/High St (Kew East)3.8 km
    37-Woolton Ave/High St (Thornbury)3.8 km
    44-Burke Rd/Doncaster Rd (Balwyn North)3.8 km
    40-Mansfield St/High St (Thornbury)3.8 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 160-162 Waterdale Road, Ivanhoe, VIC 3079Distance
    Ivanhoe Aquatic Centre/Bond St (Ivanhoe)68 m
    Clifton GR/St Elmo Rd (Ivanhoe)188 m
    Ivanhoe Civic Centre/Upper Heidelberg Rd (Ivanhoe)346 m
    Upper Heidelberg Rd/Ivanhoe Pde (Ivanhoe)347 m
    Ivanhoe Shopping Centre/246 Upper Heidelberg Rd (Ivanhoe)379 m
    POWERED BY HERE ©
POWERED BY HERE ©

SUBSTANTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY - CURRENTLY COMPRISING 12 APARTMENTS

  • LAND AREA: 1,937 SQM* / 45M* FRONTAGE
  • GENERAL RESIDENTIAL ZONING
  • 12 APARTMENTS
Vinci Carbone are delighted to present for your consideration 160-162 Waterdale Road, Ivanhoe. The property comprises 1,937 sqm* of General Residential Zone land in the affluent inner-city suburb of Ivanhoe. Situated in the City of Banyule, the suburb of Ivanhoe has a strong median house price of $1,570,000 and is located only 9km* from the Melbourne CBD.  

The property is currently improved with two (2) blocks of apartments comprising 12 one (1) bedroom apartments with six (6) in each apartment block. The current improvements are refurbished and are leased. The property is returning $194,152 per annum*.

This unique opportunity offers exceptional flexibility which will appeal to both developers and investors with its brilliant location in a proven apartment market. The strong fundamentals of the property, coupled with its strong holding income and significant development potential (STCA) represents a great opportunity to astute buyers.

Key highlights:

Over 1,937 sqm of General Residential zoned land with 45 metre* frontage to Waterdale Road.
This square shaped site is currently improved with 12 apartments spread over 2 separate blocks plus parking.
All apartments are currently leased and returning an annual rental income of $194,152 per annum*.
This property presents an excellent development opportunity now or in the future (STCA).
Ideally located on Waterdale Road in close proximity to the premium retail amenity found on Upper Heidelberg Road as part of the Ivanhoe Activity Centre.
The site has direct linkages to the CBD (9km* from property) via Heidelberg Road and is well serviced by public transport with both train and bus services being within walking distance.     


For Sale by Expressions of Interest closing Friday 17 May at 3pm

*approx. 
 

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Property ID: 504543700Last Updated: 2 May 2024

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