An exceptional opportunity awaits investors and developers with this rare offering of four fully tenanted units on a prime rectangular allotment in the heart of Noble Park.
Whether you're looking to secure strong rental returns today or develop tomorrow, this property offers flexibility, income, and endless potential.
Strategically situated these 4 individually titled units can be sold as one to create a once in a lifetime opportunity to acquire a high-yield investment or landbank opportunity with scope to redevelop (STCA). Encompassing a total 776sqm approx. allotment, the 4 units can expect a total rental return of $82,000 per annum (approx.) making it perfect for long-term investment purposes.
Set on a substantial parcel of land in a high-density residential, this site is ideal for redevelopment into modern townhouses or a mixed-use project in the future (STCA)- all while enjoying immediate rental income from day one. Investors can land bank with secure income while planning the future, or seize the potential for redevelopment (STCA) - whether that be luxury townhouses, boutique apartments, or your dream family residence in this premium location. Currently leased with tenants on flexible month-to-month arrangements, each low-maintenance unit offers 2 bedrooms, 1 bathroom, and 1 car space.
Property Highlights:
4 x Units - All currently leased with good rental return
Each unit comprises 2 bedrooms, 1 bathroom, and 1 car space
Buy one, multiple, or the entire block - flexible sale options can be considered
Large block with wide street frontage - offering outstanding development scope (STCA)
Consistent cash flow with potential to increase rent yields over time
Low-maintenance investment
Prime Location Advantages:
Positioned in a thriving and fast-evolving pocket of Noble Park, this property offers unmatched proximity and convenience:
Just minutes from Princes Highway, Sandown Park Station, and Noble Park Central
Close to employment, commercial and business districts
Short drive to Sandown Racecourse, local parks, and education precincts
Surrounded by multi-unit residential developments, reflecting strong growth and buyer demand
Contact Harcourts Home and Acreage to arrange an inspection today! This property is for sale, and it won't last long.
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
