Premium Landholding with Diversified Income

1-6/17 Moresby Avenue, Bulleen, Victoria 3105

Land For Sale

Auction. Date 7 Jun 2019
Floor Area: 3,002.00 m2.    

Description

Colliers International is pleased to present 1-6/17 Moresby Avenue, Bulleen for sale by Auction on Friday, 7th June at 12pm.

With the advantage of longstanding and diversified holding income from the existing improvements, the site supports a multitude of possibilities to invest, refurbish/value add or develop.

A variety of development outcomes are supported (STCA) given the sites favourable zoning, strong residential suburb profile and proximity to major arterials and prominent destinations.

Key highlights of this development opportunity are as below:

• Site improvements include six (6) townhouses all individually titled

• Total site area of 3,002m²*

• General Residential Zoning (GRZ1) within the City of Manningham planning scheme

• Strong and diversified holding income of $115,236 pa*

• Well preforming residential suburb with a median house price of $1,177,500**

• 2.8km* from Westfield Doncaster Shopping Centre

• Bulleen Plaza and Macedon Plaza are both nearby offering a Woolworths Supermarket, Aldi Supermarket, Coles Supermarket along with a host of assorted specialty stores

• 13km* north-east of the Melbourne CBD accessible via the Eastern Freeway and public transportation

*Approx
**RP Data

Features

  • Total site area of 3,002m²*
  • Rental income of $115,236 pa*
  • Six (6) exisiting townhouses in one line

Transaction Details

21 Jun 2019
1-6/17 Moresby Avenue, BULLEEN VIC 3105, AUSTRALIA

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