157 & 157A McIvor Road, Strathdale VIC 3550

Situated on a large 807sqm corner allotment, this dual-income site offers so much in terms of rental yield and development opportunity (STCA). Located in the tightly held McIvor Hill precinct, this property has endless opportunity for the savvy investor.

With excellent street appeal off the McIvor Highway, a crossover on Beischer Street and access to plenty of land at the rear for parking, this property also lends itself to the possibility to use as medical or consulting rooms (STCA). Currently the property is on one title with an approved two lot planning permit in place. Both tenants are separately fenced, on separate services (water and power) and combined achieve a return of $610 per week with further room for improvement during 2022.

Front Weatherboard Home:
The home facing McIvor Road features three bedrooms, two bathrooms and a large kitchen and open plan meals/living area. All three bedrooms contain built-in robes and are of excellent size with further storage in the linen press in the hall.

The main bathroom contains a shower, bath, vanity and separate toilet. The second bathroom doubles as a laundry and contains a shower and toilet, this large space is just waiting to be fully converted to take advantage of the extra under-roof space.

The large kitchen off the main living and dining area boasts a 900mm oven with gas cooktop, dishwasher and heaps of bench space and cupboards. Outside is a fantastic alfresco area perfect for entertaining, side gated access to the raised carport and a garden shed. Extra features include ducted floor heating, split system air conditioner, down lights and great tenants.

Unit at the rear:
The unit which has gated access from Beischer Street is separately fenced off and contains one bedroom, a combined kitchen-living area and its own bathroom. The bathroom features a shower, vanity and toilet, whilst the kitchen living area is set with its own basin and wash-up area, electric oven and cooktop and a new split system air conditioner for the hot summer months. Outside has its own carport and courtyard.

For a Vendor Statement, contact listing agents Wes Dorrington and Nathan Diss.