Residential Property for Auction
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Approved Permits for 16 Apartments!Property ID 1576929Offered for sale for the first time is this blue chip parcel of prime real estate! Located in the heart of Dandenong cbd, corner block size 622sqm, all the hard work has been done and is now ready for development. Approved planning permits for 16 apartments (14x2 bedrooms and 2x1bedrooms) All apts with car park for each unit in semi basement.
The existing house comprises of 3 bedrooms, potential to lease for 12 months with rental income of $1040 per month, if you decide to make some changes to the plans and convert the downstairs 2 bedroom apartments are ideal for small home business (subject to council approval) MUZ of Dandenong cbd. (mixed used zone)
Location you cannot find a better location than this! Everything is at your fingertips. All amenities are available and it's an easy walk to Dandenong train station,(150METRES) close to Schools both primary and secondary schools and easy access to Eastlink and Monash freeways.
Call all investors, developers and Builders to make your own feasibility study. Based on the sale price after building 2 bedroom apartment approx. 330 each unit and 1 bedroom apartment at 270 each unit. We believe there is a lot of $$$ for the prospective purchaser with the end result for the sale of Hutton apartments.
Act now as a golden opportunity like this must not to be missed!
Due diligence checklist - for home and residential property buyers