15 King Edward Avenue, Albion VIC 3020

Outstanding rare opportunity to purchase 838m2* approx of prime located (General Residential Zone 1) land occupied with 5 leased brick dwellings combining a mixture of 1 & 2 bedrooms returning $51,200 per annum.

Offering future prospect to increase rental through unit renovation and capital growth via subdivision.

Utilities:
Gas: All Separate
Electricity: All Separate
Water: Only 2 & 3 Separate

Unit 1: $290 per week 2 bed, 1 bath, ducted heating (leased to October 2018)
Unit 2: $175 per week 1 bed, 1 bath (month to month lease)
Unit 3: $175 per week 2 bed, 1 bath (month to month lease)
Unit 4: $135 per week 1 bed, 1 bath (month to month lease)
Unit 5: $210 per week 2 bed, 1 bath (month to month lease)

Located only 800m* to the Albion Train Station, close proximity to schools, Hampshire Road Activity Centre and 11km* to the CBD.

Auction: Saturday 16th December 2017 @ 12:00PM (unless sold prior)

*approximately

DOUGLAS KAY REAL ESTATE
280 HAMPSHIRE ROAD,
SUNSHINE, VIC, 3020