Address Withheld, Monbulk, VIC 3793
Monbulk 4Kwarto Premium investment - Develop or Professional Suites
$800,000 to $880,000Containing 2 dwellings returning $41,000 P.A and loads of potential for more, this property lends itself to a number of uses, including future subdivision (STCA) under the new Monbulk Housing strategy, soon to be adopted by council or even professional suites with 23m of main road exposure, including 2 crossovers to the main road and rear laneway access.
Already connected to Mains Sewerage the possibilities are endless.
The main dwelling is a nicely renovated 2 bedroom plus study home, with large kitchen then spacious lounge room and fully length sunroom / study space. Gas heating with split system air conditioning and double carport.
The second is a 2 room bungalow also with split system heating / cooling, updated kitchen and bathroom, and separate rear laneway access.
Currently 4 blocks on the 1 title, the future possibilities to re-develop are endless.
Couple this with an impressive income an a fantastic location easy walking distance to town and everything Monbulk has to offer.
Enquire today to diversify your property portfolio.