Multi Units Opportunity

This property presents a unique opportunity for investors and developers alike. With a land size of 1,555 sqm approx. and a generous frontage of 30.48 m, this property offers plenty of potential for future development. <br/><br/>Currently, the property comprises of four 2-bedroom units, which are currently returning a solid rental income of $89,172 per annum. However, with its ideal location within walking distance to Box Hill Central and the train station, this property is also perfect for those looking to create a townhouse or apartment development (subject to council approval).<br/><br/>In addition to its prime location, this property is also situated within the sought-after Box Hill High School and Laburnum Primary School zones. Surrounded by numerous recreation reserves, including Box Hill City Oval, and with easy access to the Eastern Freeway, residents will enjoy a convenient and active lifestyle. Nearby amenities also include Whitehorse Road, Epworth and Box Hill Hospitals, and Box Hill Golf Club.