*****SOLD*****

Gross Waddell ICR is pleased to offer for sale 8-10 Mount View Parade, Mooroolbark. Positioned in the heart of Mooroolbark, this rare investment opportunity comprises of 2 residential blocks with 26 individually titled apartments on a generous landholding. Set in a leafy eastern suburb offering amazing amenity and connectivity, these 2 blocks of apartments are ideally suited for land-bank investors or value-add investors (STCA).

• 26 x 1-bedroom apartments across 2 separate apartment blocks

• Fully leased with strong holding income of $427,960* gross p.a.

• Scope for additional rental reversion providing ability to increase weekly rentals

• Secure long-term tenancy profile with limited competing rental stock in the immediate surrounds

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

• Substantial 2,792 sqm* landholding within a favourable General Residential 1 Zone (GRZ1)

• Walking distance to an array of retail and lifestyle amenity along Manchester Road and Brice Avenue

• Metres to Mooroolbark train stations and easy access to Maroondah Highway and Mt Dandenong Road providing ideal connectivity

• Mooroolbark boasts a strong median house price of $910,000 and a median weekly rent of $630 (source: REIV)

For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*approx.