Buy a property
Sell your property
Find your local agent

Opportunity knocks

Here for your property journey

News and market insights

Property experts since 1902

Browse

Terms

Floorplan Show all photos

Sold

1-9/9a Coombs Avenue,
Oakleigh South 3167, Victoria

18 bedrooms
9 bathrooms
9 car spaces
3,408m² land size
Block of Units

$4,500,000

Property details

A Lucrative Investment Or Redevelop On 3,408sqm!

If you're after a rock solid investment with potential for the future, it's difficult to overlook this value-packed site in a tightly-held Oakleigh South location.

This incredible nine two-bedroom unit site is fully leased and generates a sizeable rental income (with scope to increase immediately). Each unit is individually titled and already subdivided which offers you the flexibility to resell one or multiple units for an instant profit.

But that's not your only option…

Given some of them have been updated over the years, you could also add value by bringing the others into line thus increasing the block's overall value, while there's also potential to re-allocate the plan of subdivision and convert the tennis court into additional dwellings (STCA).

Sited on a huge 3,408sqm* allotment, an opportunity also presents itself to extract maximum value from the block and redevelop entirely (STCA).

Whatever your vision is for this red-hot piece of real estate, it will benefit enormously from its five-star location that's within short walking distance of Davies Reserve and bus services and minutes to Huntingdale and Clayton train stations, excellent schools, prestigious golf courses, the Clayton Road shopping strip, Chadstone Shopping Centre, Oakleigh Central and Monash University.

• Total land area | 3,408Ssqm*
• 9x Units with individual titles
• Fully leased
• Scope to increase income immediately
• Potential to either further develop or completely redevelop into multiple townhouses (STCA)
• General Residential Zone Schedule 3 (GRZ3)
• No Easements

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 we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective 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/

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

  • Clarinda Primary School Primary Prep-6 Government 0.89km
  • Huntingdale Primary School Primary Prep-6 Government 0.95km
  • Oakleigh South Primary School Primary Prep-6 Government 1.2km
  • St Peter's School Primary Prep-6 Catholic 1.3km
  • Clayton North Primary School Primary Prep-6 Government 1.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

Back to top