***** SOLD UNDER THE HAMMER *****

Gross Waddell ICR is pleased to offer for sale 1218 Dandenong Road, Murrumbeena. This property presents an incredible opportunity to purchase an entire block of apartments in a coveted location, comprising 18 apartments with high rental potential or future repositioning/redevelopment opportunity (STCA).

• 18 one-bedroom apartments, with a combination of renovated and unrenovated apartments

• Potential fully leased income of $388,440* per annum

• Scope for further refurbishment, strata sell-down, or to explore development options (STCA)

• The property offers secure off-street parking for each apartment and communal laundry facilities

• Expansive 1,352 sqm* landholding within a favourable General Residential Zone (GRZ1)

• Underlying land value offers future development potential (STCA), supported by significant surrounding height precedents

• Supremely positioned for convenience and lifestyle, within walking distance to Murrumbeena and Malvern East train stations, and the Carnegie and Murrumbeena retail precincts

• Merely 800 m* from Chadstone Shopping Centre, offering an unparalleled shopping experience just moments away

• Murrumbeena boasts a strong median rental of $725 per week (source: REIV)

For Sale by Public On-site Auction on Thursday 26th June 2025 at 2:30pm. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*Approx.