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RE/MAX is pleased to present to market this outstanding investment hold, with future venture capital options.

The Residence;

Consisting of 5 bedroom's & operating as a rooming accommodation facility yielding an attractive return of some $930.00 per week, ducted & spatial gas heating, air-conditioning, quality flooring includes original hardwood floorboards, carpets, with tiling to wet areas.

The Location;

Convenience' are paramount, with Dandenong Plaza, the Market, Dandenong & St Mary's Primary Schools, the Law Courts & Police Station all only a few minutes' walk whilst Dandenong Hospital, Chisholm TAFE & Train Station only a few minutes by car.

The Opportunity;

The Property is greatly enhanced with relevant zoning, including, Public Use Zone - Education, with Schedule thereto (PUZ2) & Residential Growth Zone - Schedule 1 (RGZ1) allowing extraordinary flexibility for future development.

The Permit

The planning permit is currently sitting with the relevant authority awaiting a further extension to move forward with a multi-apartment (20) development on this sizable block,

* Offers subject to this permit being extended will also be considered.

** Expression's of interest closing 5 PM Friday 29th September, 2017

Full documentation is available on request,

Inspection of this property is available by appointment.

For Sale through exclusive agents at RE/MAX Property Specialists.


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Property Overview

Property TypeHouse
Contract TypeSale
Parking Carports4
Building Size165 sqm / approx
Land Size876 sqm / approx