First time offered, for immediate private sale in 40 years, to secure a whole neighbourhood block of 12 x 1 bedroom individually strata titled apartments in the heart of Central Sunshine.

Positioned within easy walking proximity to Hampshire Road CBD & Sunshine Train Station.

Huge gross return in the vicinity of 5% approx +. No Body Corporate Required

The well maintained block provides huge street frontage on a sensational 935m2 general residential zoned land. The block contains 12 well sized apartments across two levels measuring 50m2 approx each + accessory lot titles for parking per property.

Comprising of large bedroom, bathroom, kitchen with adjoining open plan lounge/dining. The property has been underpinned, updated with compliant switchboards, new sewer and plumbing.

The projected passing return once the last unit leases is $145,000 per annum approx. While offering plenty of room to add value through renovation, resale and rent increases.

An opportunity not to be missed In a key economic centre bolstered by government development and key transport links. This is an outstanding investment prospect within metres of all key amenities and only 10km to the CBD.

DOUGLAS KAY REAL ESTATE
280 HAMPSHIRE ROAD,
SUNSHINE, VIC, 3020