Whole Block Of Flats With Future Development Upside

  • $2,000,000/Contact Agent

Property Description

Stonebridge Property Group is pleased to present for sale, 1707 Dandenong Road, Oakleigh East.

Key highlights:

– Block of 6 oversized 2-bedroom Oakleigh flats (all with private parking) that present a clear refurbishment angle & potential rental uplift for value-add investors

– Including a massive development upside with plans & application pending for an additional 6 flats to be constructed to complement the existing building

– Exceptional Oakleigh East median house price of $1,164,000 which is up 16% in 12 months

– Only 1.3 km* to Oakleigh’s famous retail hub & 2.3 km* to Chadstone Shopping Centre

– Triple street frontage allowing for flexibility of access for future development and existing tenants

– Fully leased income of $104,000 per annum with clear potential for rental uplift

*Approximately.

1707 Dandenong road, Oakleigh East is for sale via On-Site Public Auction Friday 29th April 2022 at 12:30pm.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents,

Stonebridge Property Group:

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang
0411 625 068

Property Code: 386

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