1-12/13 Ridley Street, Albion VIC 3020

A rare trophy investment has hit the market at the most opportune time as federal and state governments have committed $6.1 billion to the Melbourne Airport Rail Link, which will turn Sunshine Station into a Superhub and connect to the upgraded Albion Train Station launch pad.

With the soon-to-be-opened West Gate Tunnel, this prime location 11km from the Melbourne CBD is set to reap immediate and future growth with such optimism and development.

_Setting on 1282m2, the whole block on one title provides spacious updated 8 x 2 bedroom, 4 x 1 bedrooms, rear steel storage shed which can be leased.

_The projected passing rental when fully leased is comfortably $260,000 per annum.

_9 units are currently leased with 3 operating as airbnb or have just renovated.The rear storage shed is used by the owner but can offer additional $15,000 income.

_Offered to the market starting with a 6.6% gross yield when fully leased, this opportunity will not last

_No Body Corporate Required

_The well maintained block provides street frontage on a sensational 1293m2 residential zoned land.

_Electrical compliance is active and up to date until 2026.

An opportunity not to be missed In a key economic centre bolstered by government development and key transport links. This is an outstanding investment prospect within metres of all key amenities and only 11km to the CBD.

DOUGLAS KAY
280 HAMPSHIRE ROAD
SUNSHINE VIC 3020