Cash flow with Development Upside.
The directors of this estate have engaged Ray White Commercial to sell 29 Stud Road, Dandenong by way of Public Auction.
Offering strong and secure cash flow of $218,140 per annum, the 16 apartments sit on a solid land offering of 2,013m2 under RGZ2 zoning. This zoning allows for medium density development to 13.5m (STCA) in the future. This property covers all bases with the security of a stable cash flow and the benefit of future development.

Other benefits include:
• Current rental: $218,140 with strong tenancy history
• 16 apartments all consisting of 2 bedrooms and full brick construction
• Potential rental upside with a current average rental per week of just $261 per week
• 16 Car spaces on site
• Currently one vacancy - under offer
• Land: 2,013m2
• Zoning: (RGZ2) Residential Growth Zone 2 allowing for up to 13.5 meters high density development
• 400m from Dandenong Plaza and Dandenong Market
• 650m to Lonsdale street shopping precinct
• 1.3km to Dandenong train station

If you are seeking a well maintained, low maintenance investment with secure cash flow 29 Stud Road Dandenong offers everything! Savvy investors will note the benefit of both rental and development upside, allowing for a potential rental increase in the future. This opportunity will offer any portfolio stability and longevity. This is the first time the property has been offered in over 40 years.

For more information contact Ryan or Ben to discuss the acquisition of a great piece of real estate.