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12 Dundas Street, Thornbury, VIC, 3071

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12 Dundas Street, Thornbury, VIC, 3071

12 Dundas Street, Thornbury, VIC, 3071

Properties / Sold / Victoria / Thornbury
Tenanted Investment

1. Property Summary

Selling Method
Auction
Land Area
1,170 m² (*approx)
Floor Area
740 m² (*approx)
Property Type
Land, Other
Sub-type
Block of Units / Flats
Est. Income
$164,040 p/a
Zoning
GRZ2
Show All

2. Property Highlights

Substantial Apartment Complex with Income & Potential
  • Opposite Aldi and Woolworths Supermarket
  • 20 Separate Apartments – 1 Title
  • Refurbish, Hold or Sell Down (STCA)

Fitzroys is delighted to offer for sale this substantial apartment complex located within 100 metres from the intersection of High Street and Plenty Road all within the rapidly developing and vibrant inner northern suburb of Thornbury.

This complex comprises of 20 separate 1-bedroom apartments all to be offered on 1 freehold title and will suit those investors wishing to refurbish and generate substantial rental uplift with the flexibility to sell down each apartment in the future (STCA).

The key attributes of this opportunity include:

- First time offered in 60 years!

- Exceptional land area of 1,170sqm* with rear access entered from Dundas and Archbold Streets

- 20 separate 1-bedroom apartments with on-site parking available

- Substantial rental growth potential upon refurbishment of existing apartments

- REA Group (May 2023) report the median rental price for 1 bedroom apartment in Thornbury have risen by 6.9% in the last 12 months to $310 per week

- Currently returning $164,040 per annum from 14 occupied apartments.

- Zoned General Residential – Schedule 2 – (GRZ2)

- Short walk to popular High Street which includes notable traders including Little Henri, Umberto Espresso Bar, Barton Fink, Cedar Bakery and a plethora of local and established businesses

- Surrounded by a variety of completed and pipeline developments destined to create greater vibrancy and foot traffic to the area

- Proximity to Thornbury Train Station plus excellent tram and bus transport options available

12 Dundas Street Thornbury presents an outstanding opportunity to acquire a substantial freehold apartment complex with the ability for the successful purchaser to generate excellent rental growth with the flexibility to re-configure and/or sell down the apartments in the future (STCA).

FOR SALE BY PUBLIC AUCTION TUESDAY 20TH June at 1PM

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

1. Property Summary

Property Type
Land, Other
Sub-type
Block of Units / Flats
Est. Income
$164,040 p/a
Land Area
1,170 m² (*approx)
Floor Area
740 m² (*approx)
Zoning
GRZ2
Selling Method
Auction
Auction Date
20 Jun 2023 01:00PM

2. Property Highlights

Substantial Apartment Complex with Income & Potential
  • Opposite Aldi and Woolworths Supermarket
  • 20 Separate Apartments – 1 Title
  • Refurbish, Hold or Sell Down (STCA)

Fitzroys is delighted to offer for sale this substantial apartment complex located within 100 metres from the intersection of High Street and Plenty Road all within the rapidly developing and vibrant inner northern suburb of Thornbury.

This complex comprises of 20 separate 1-bedroom apartments all to be offered on 1 freehold title and will suit those investors wishing to refurbish and generate substantial rental uplift with the flexibility to sell down each apartment in the future (STCA).

The key attributes of this opportunity include:

- First time offered in 60 years!

- Exceptional land area of 1,170sqm* with rear access entered from Dundas and Archbold Streets

- 20 separate 1-bedroom apartments with on-site parking available

- Substantial rental growth potential upon refurbishment of existing apartments

- REA Group (May 2023) report the median rental price for 1 bedroom apartment in Thornbury have risen by 6.9% in the last 12 months to $310 per week

- Currently returning $164,040 per annum from 14 occupied apartments.

- Zoned General Residential – Schedule 2 – (GRZ2)

- Short walk to popular High Street which includes notable traders including Little Henri, Umberto Espresso Bar, Barton Fink, Cedar Bakery and a plethora of local and established businesses

- Surrounded by a variety of completed and pipeline developments destined to create greater vibrancy and foot traffic to the area

- Proximity to Thornbury Train Station plus excellent tram and bus transport options available

12 Dundas Street Thornbury presents an outstanding opportunity to acquire a substantial freehold apartment complex with the ability for the successful purchaser to generate excellent rental growth with the flexibility to re-configure and/or sell down the apartments in the future (STCA).

FOR SALE BY PUBLIC AUCTION TUESDAY 20TH June at 1PM

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

12 Dundas Street, Thornbury, VIC, 3071

Property Map
12 Dundas Street, Thornbury, VIC, 3071 Thornbury
Fitzroys
Fitzroys
Level 27, 360 Collins Street, Melbourne VIC 3000
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