1-4/16 Reid Street, Ashwood VIC 3147

An incredible opportunity awaits to secure a substantial parcel of approximately 1012m², held by the same family for over 50 years. This rare gem offers outstanding potential in a highly sought-after location.

The property currently comprises 4 x 2-bedroom units, all leased and providing immediate income. With thoughtful renovations, the projected rental return could reach approximately $90,000 per annum. Alternatively, take advantage of the site's size and redevelop (STCA) to unlock its full potential.

Ideally situated with unbeatable convenience:

- Holmesglen Station just a short walk away
- Minutes from Chadstone Shopping Centre
- Close to top schools, local shopping, and transport
- Easy access to major arterial roads and freeways

Whether you're looking to renovate, invest, or develop, this is a golden opportunity not to be missed!