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616-618 Warrigal Road, Malvern East, VIC, 3145

2. Property Highlights

Immediate Revenue-Generating Asset with 13 apartments & vibrant retail

Newly completed apartment block constructed in 2022 offering substantial depreciation benefits.

Key Highlights of this property:

13 fully completed 1 and 2 bedroom apartments on one title with future ability to strata and sell down (STCA).

Well appointed with quality appliances and some apartments fully furnished.

Superb long-term investment and or current holding income with apartments either leased on one (1) year residential leases or can create higher return through Airbnb with successful track record.

Including - Ground floor retail shop securely leased on a 5 year lease to 2027 plus options to 2032.

Projected Net Income: $417,071 pa* + GST

Tactical acquisition with future options including long term investments and or sell down possibilities (STCA) with draft strata plan complete.

Close proximity to transport links including Holmesglen Train Station and several major bus routes.

Superb access to Monash Freeway north and southbound (600m*), directly opposite Chadstone Large Mega store Centre, Chadstone Shopping Centre (1.1km*) Australia's largest and world renowned shopping centre.

Large selection of lifestyle, amenity and services including Malvern Valley Golf Club, Ashwood Reserve Playground, Homlesglen Reserve, Glen Iris private Hospital and Holmesglen Institute.

Malvern East: A highly sought suburb with median house price of $2,125,000 and $633,500 for two (2) bedroom apartments.

The City of Stonnington: Blue chip metropolitan council with a Gross Regional Product of $10.13 billion*

Call us now to request an I.M as this is a rare offering

Remember to mention you found this property on CommercialReady

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3. Property Location

616-618 Warrigal Road, Malvern East, VIC, 3145

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4. Due Diligence

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616-618 Warrigal Road, Malvern East, VIC, 3145 Malvern East
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