40 Melrose Street,
Parkdale, VIC 3195
Development Sites & Land
Price information
Sale
$2,900,000
Key property information
Land area
Floor area
Car spaces
Private inspections
to arrange a private inspection.
Map of 40 Melrose Street
Train stations within 5 km of 40 Melrose Street, Parkdale, VIC 3195 Distance Parkdale Station 899 m Mordialloc Station 1.1 km Mentone Station 2.4 km Mentone 2.5 km Aspendale Station 3.7 km POWERED BY HERE ©Bus stops within 5 km of 40 Melrose Street, Parkdale, VIC 3195 Distance Davey St/Morris St (Parkdale) 484 m Barkly StCollocott St 501 m Morris St/Davey St (Parkdale) 519 m Elliot St/Warren Rd (Parkdale) 584 m 42 Victoria St 616 m POWERED BY HERE ©
POWERED BY HERE ©
ASSURED YIELD INVESTMENT
EXPRESSIONS OF INTEREST
A high assured-yield opportunity especially suited to commercial investors and SMSF holders, this parcel of three individually titled properties presents the potential to realise an above benchmark return of between 8-8.5% per annum on investment. ($250,000 approx/annum combined rental income).
With each home securely leased and on a 5-year agreement (commenced March ’24) that factors in CPI review annually on each anniversary of the commencement date of each Further Term, (further terms: four options terms to renew the leases for a period of five years each). This is a rare Set & Forget opportunity to add a quality residential real estate asset to your superannuation fund or investment portfolio.
Occupying just over 900sqm of prime land, the well-presented homes are in immaculate condition that will demand no substantial maintenance outlay for years to come. Comprising two 3-BR double-storey homes as well as a single-level 2-BR property, they feature light-filled layouts with modern well-equipped kitchens, contemporary bathrooms and split system heating/cooling. Each residence also provides easy-care outdoor areas and ample garage parking.
Situated in an established & high-quality position just back from Parkdale Plaza and within a walk of the station & transport, this exceptionally rewarding opportunity is zoned for both Mentone Girls and Parkdale secondary colleges and an easy trip to the beach – each factor enhancing the properties’ long term rentability.
Inspection by appointment.
For all enquiries please contact Mark Eddy 0408 098 308 Hodges Mentone.
A high assured-yield opportunity especially suited to commercial investors and SMSF holders, this parcel of three individually titled properties presents the potential to realise an above benchmark return of between 8-8.5% per annum on investment. ($250,000 approx/annum combined rental income).
With each home securely leased and on a 5-year agreement (commenced March ’24) that factors in CPI review annually on each anniversary of the commencement date of each Further Term, (further terms: four options terms to renew the leases for a period of five years each). This is a rare Set & Forget opportunity to add a quality residential real estate asset to your superannuation fund or investment portfolio.
Occupying just over 900sqm of prime land, the well-presented homes are in immaculate condition that will demand no substantial maintenance outlay for years to come. Comprising two 3-BR double-storey homes as well as a single-level 2-BR property, they feature light-filled layouts with modern well-equipped kitchens, contemporary bathrooms and split system heating/cooling. Each residence also provides easy-care outdoor areas and ample garage parking.
Situated in an established & high-quality position just back from Parkdale Plaza and within a walk of the station & transport, this exceptionally rewarding opportunity is zoned for both Mentone Girls and Parkdale secondary colleges and an easy trip to the beach – each factor enhancing the properties’ long term rentability.
Inspection by appointment.
For all enquiries please contact Mark Eddy 0408 098 308 Hodges Mentone.
Property ID: 504606456Last Updated: 27 Jun 2024
40 Melrose Street
Parkdale, VIC 3195
Hodges - Mentone / Chelsea44 Florence Street
MENTONE, VIC 3194
MENTONE, VIC 3194
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