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1218 Dandenong Road, Murrumbeena, VIC, 3163
Murrumbeena
Gross Waddell ICR is pleased to offer for sale 1218 Dandenong Road, Murrumbeena. This property presents an incredible opportunity to purchase an entire block of apartments in a coveted location, comprising 18 apartments with high rental potential or future repositioning/redevelopment opportunity (STCA).
• 18 one-bedroom apartments, with a combination of renovated and unrenovated apartments
• Potential fully leased income of $388,440* per annum
• Scope for further refurbishment, strata sell-down, or to explore development options (STCA)
• The property offers secure off-street parking for each apartment and communal laundry facilities
• Expansive 1,352 sqm* landholding within a favourable General Residential Zone (GRZ1)
• Underlying land value offers future development potential (STCA), supported by significant surrounding height precedents
• Supremely positioned for convenience and lifestyle, within walking distance to Murrumbeena and Malvern East train stations, and the Carnegie and Murrumbeena retail precincts
• Merely 800 m* from Chadstone Shopping Centre, offering an unparalleled shopping experience just moments away
• Murrumbeena boasts a strong median rental of $725 per week (source: REIV)
For Sale by Public On-site Auction on Thursday 26th June 2025 at 2:30pm. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.
*Approx.
Remember to mention you found this property on CommercialReady
Gross Waddell ICR is pleased to offer for sale 1218 Dandenong Road, Murrumbeena. This property presents an incredible opportunity to purchase an entire block of apartments in a coveted location, comprising 18 apartments with high rental potential or future repositioning/redevelopment opportunity (STCA).
• 18 one-bedroom apartments, with a combination of renovated and unrenovated apartments
• Potential fully leased income of $388,440* per annum
• Scope for further refurbishment, strata sell-down, or to explore development options (STCA)
• The property offers secure off-street parking for each apartment and communal laundry facilities
• Expansive 1,352 sqm* landholding within a favourable General Residential Zone (GRZ1)
• Underlying land value offers future development potential (STCA), supported by significant surrounding height precedents
• Supremely positioned for convenience and lifestyle, within walking distance to Murrumbeena and Malvern East train stations, and the Carnegie and Murrumbeena retail precincts
• Merely 800 m* from Chadstone Shopping Centre, offering an unparalleled shopping experience just moments away
• Murrumbeena boasts a strong median rental of $725 per week (source: REIV)
For Sale by Public On-site Auction on Thursday 26th June 2025 at 2:30pm. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.
*Approx.
Remember to mention you found this property on CommercialReady
1218 Dandenong Road, Murrumbeena, VIC, 3163
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
