Units 1-3/268 Stony Point Road, Crib Point, VIC 3919

LOT 2 Only for Sale!

758sqm title with 3 units fully leased showing a strong return!

Situated in Mornington Peninsula's growth corridor these three 1-2.5 bedroom units represent a strong investment offering a decent return while offering plenty of value and upside to improve returns!

Features include:

- Three units - Unit 1 is 2 bed, Unit 2 is 1 bed, Unit 3 is 2.5 bed

- All Long term tenants

- Largely well maintained

- Current Gross Return Circa $38,000PA

- Close to schools, shops and transport

- Immediate vicinity to HMAS Cerberus which is undergoing a $430 Million Dollar redevelopment

- Possibility for redevelopment (STCA)

- Explore transforming into a short stay rental property targeting the recreational fishing industry with plenty of existing open space for boat and vehicle parking!

* all figures and measurements are approximate

Contact Sean Crimmins to book your private inspection!