42 Magnolia Road , Gardenvale

Land/Development
Contact Agent

Whole block of apartments with significant upside in prestige location

**AUCTION: Sunday 28th October 2018 at 12pm onsite**

FIRST TIME OFFERED IN 50 YEARS

Whole block of apartments positioned in the heart of the highly sought-after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools.

• 5 large 2 bedroom apartments
• Substantial land holding of 928m2*
• Zoning: Neighbourhood Residential Zone 1 (NRZ1)
• Current income of $83,244* p.a. with potential for immediate uplift
• ‘Value add opportunity’ – invest, develop (STCA) and/or sell down
• Onsite car parking

*Approx.

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