1-12/5 Truganini Road, Carnegie VIC 3163

Offered for the first time ever, an outstanding investment opportunity exists to reap boundless returns on a strata-titled block of twelve apartments, ideally located in a peaceful tree-lined road on the cusp of Carnegie Village. Set on a substantial 920m2* allotment, the block comprises twelve one-bedroom kitchenette apartments, each with undercover carport space & access to a communal laundry at the rear. To be sold as one offering. Four apartments have been beautifully updated to include well-appointed modern kitchens & bathrooms whilst the remaining flats can be improved immediately or over time. Several vacancies allow the opportunity for immediate reletting or works as desired.

Purpose built & owned as a well-performing investment property in one family for more than 45 years, this well-positioned block is ideally poised for investors looking to secure property in a high-growth location while generating immediate rental income with a potential to lift the current income considerably. Set in one of Carnegie’s best locations with the cafes, restaurants & shopping spots of Koornang Road just around the corner, a short stroll to leafy Koornang Park & Lord Reserve & city-wide public transport a stone’s throw away, this endlessly promising opportunity is not to be missed.

*Approximate Title Dimensions.