overview

  • 1P0915
  • House
  • Sold
  • 7
  • 3
  • 2

Description

839 Land GRZ6* Location, Potential, Income = Great Outcome!
Unbeatable location, potentially providing great resale value and income. As an investor or developer looking for a property that is in a great location, but also with the ability to achieve a high rental return whilst your planning application is with council. This property will provide this and more............

Located between Monash Medical Centre/Fregon Reserve and Monash University, with Clayton Station, Sir John Monash Secondary, St Anthony Primary School only minutes away, this is one of the best and highly desirable pocket of Clayton and all of the South Eastern Suburb.

Some Options to Explore (STCA)
-Multiple Apartments (12-16) (Already apartments being built in Seascape)
-Multiple Unit Site (3/4 Units) ($850 000-$980 000 based on current resale of T/Houses to overseas buyers)
-Keep property as is and do a slight renovation to earn higher rental return ($900pw-$1250pw based on similar properties in the University area)

*The GRZ6 applies to residential land within the Clayton Activity Centre. This zone encourages greater housing intensity and diversity within the Clayton Activity Centre. (Source Monash Council)

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