42 Magnolia Road,
Gardenvale, VIC 3185
Development Sites & Land
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Map of 42 Magnolia Road
WHOLE BLOCK OF APARTMENTS WITH SIGNIFICANT UPSIDE IN PRESTIGE LOCATION
**AUCTION: Sunday 28th October 2018 at 12pm onsite**
FIRST TIME OFFERED IN 50 YEARS
Whole block of apartments positioned in the heart of the highly sought-after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools.
• 5 large 2 bedroom apartments
• Substantial land holding of 928m2*
• Zoning: Neighbourhood Residential Zone 1 (NRZ1)
• Current income of $83,244* p.a. with potential for immediate uplift
• ‘Value add opportunity’ – invest, develop (STCA) and/or sell down
• Onsite car parking
*Approx.
FIRST TIME OFFERED IN 50 YEARS
Whole block of apartments positioned in the heart of the highly sought-after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools.
• 5 large 2 bedroom apartments
• Substantial land holding of 928m2*
• Zoning: Neighbourhood Residential Zone 1 (NRZ1)
• Current income of $83,244* p.a. with potential for immediate uplift
• ‘Value add opportunity’ – invest, develop (STCA) and/or sell down
• Onsite car parking
*Approx.
Property ID: 502970166Last Updated: 26 Dec 2018
42 Magnolia Road
Gardenvale, VIC 3185
Detailed listing
Gross Waddell ICR Pty Ltd - MelbourneLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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