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Burgess Rawson and Gross Waddell ICR are pleased to offer to the market 2-8 Olive Street, Dandenong for sale via Expressions of Interest closing Wednesday 22nd May at 3:00pm.
This opportunity has the following key investment highlights:
• Expansive 3,402 sqm* site that is rectangular in shape and features a frontage of 73m*
• Permit approved development for 17 architecturally designed double storey townhouses including 8 x 3 bedrooms and 9 x 4 bedrooms; with a blended average townhouse size of 187 sqm*
• Valuable General Residential zoning (GRZ1) spread across 4 existing house lots, providing the ultimate in flexibility and upside
• Thoughtfully designed residential development with all units including storage area, two (2) car spaces and the ultimate of indoor and outdoor living
• Boasting short term holding income via month to month residential tenancies, returning $75,840 pa*
• Strategic position only 300m* from Dandenong CBD and moments to Princes Highway, Cheltenham Road, Dandenong Valley Highway, Heatherton Road, Monash Freeway and Eastlink
• Dandenong: Popular south-eastern metropolitan suburb only 28km* from Melbourne CBD with a median price of $697,000^
• City of Greater Dandenong: Home to 164,484 people, expected to increase by 15.4% to 189,891 by 2036** supporting 114,506 jobs with an annual economic output of $57.2 billion.***
The property is for sale via Expressions of Interest closing Wednesday 22nd May at 3:00pm.
To discuss this property further, please contact any of the exclusively appointed agents below.
*Approx
** Victoria in Future 2023
*** REMPLAN
^RealEstate.com.au
