106 Clayton Road, Oakleigh East VIC 3166

Here's your chance to own this property for cash flow neutral/positive*, with a little hard work and effort this property could realistically pay itself off. (See below)
Borrow $800 000 from Bank @ 4 .5% (Pay the balance from your deposit)
Repayment over 30 years is approximately $4000per month.
Rental return of properties in the area with 6 bedrooms can return the repayment amount if you are prepared to do the required work.
OTHER OPTIONS TO CONSIDER (STCA)
Convert to Medical Clinic (Next Door is a General Practice)
Other Semi Commercial Use (Hair Dressing/Accountants/Dentist)
Multiple Units/ Apartments (9-11 Apartments)
Property Features:
6/7 Bedrooms
Large Common Area/Lounge
Room and Space for 7th bedroom, Second Bathroom and Toilet
Zoning is RGZ6* What is GRZ6 The General Residential Zone (GRZ6) applies to residential land within the Clayton Activity Centre. This zone encourages greater housing intensity and diversity within the Clayton Activity Centre. For information on what the zone allows click here http://www.newresidentialzonesmonash.com.au/new-residential-zones