1-4/815 Princes Hwy, Springvale VIC 3171

With 4 units on a single title resting on a large allotment, this property is a ready made investment offering instant returns of around $54,000p.a. making it great for the investors or those with self-managed superannuation funds. Furthermore, you could also look at their potential for renovation and subdivision meaning they could be re-rented or on-sold separately in the future that could give you an attractive short term windfall. And then developers could also explore its potential for complete redevelopment (STCA) which would also always be attractive in its service road position right behind a local shopping centre and close to buses, local school and Monash University. Each units offers similar features including a living/dining room with polished floors and a split system air conditioner, a kitchen with upright oven, a single bedroom with built in wardrobes and a bathroom with included laundry facilities. Outside, the block is largely concreted to keep tenants maintenance to a minimum and each unit also has a carport space of their own.