1 - 8 10 Maleela Grove, Rosanna VIC 3084

EXPRESSIONS OF INTEREST - Closing Tuesday 29th Sept at 5pm

Ideally set on 890 sqm (approx.) within a tree-lined pocket of Rosanna is this truly once-in-a-lifetime investment opportunity.
Secure your future with solid rental returns from this magnificent block of eight apartments.
Proudly built and preserved by the owners for over 50 years are these eight sizeable two bedroom apartments that have been maintained and updated over the long journey, but with further potential to explore.

A truly unique business opportunity, simply invest and continue knowing that you have tenanted properties with medium-to-long-term tenants who call this home and benefit from a healthy rental yield and capital growth enabling you to just sit back and enjoy the returns.

There are endless opportunities with further scope to improve on the current returns ($103,740 approx. annually) with options including individually renovating units one-by-one, or creating a new-look for the entire building or facade, or other cosmetic work that will allow you to review the current leases to mirror your upgrades and maximise return.

Each apartment includes two bedrooms, one bathroom, a large kitchen, open plan living and dining areas, with the top levels able to enjoy the views from their balcony.

Features include gas heating and off street parking which could be further improved by establishing covered car accommodation.

All within approx. 16km to the CBD, close proximity to public transport, schools, parks, Northland Shopping, Austin Hospital and La Trobe Uni. Inspect today and secure your investment future.