7A Parker Street, Ormond, VIC 3204

EXPRESSIONS OF INTEREST CLOSING TUESDAY 26TH AUGUST AT 5:00PM

One of Glen Eira’s biggest land-holdings comes with multiple dwellings, multiple income streams and so many possibilities. Representing a once-in-a-lifetime opportunity to acquire a significant parcel of blue-chip land within a few blocks of the North Rd retail and rail strip, this approx. 2,046sqm site is offered with a substantial Art Deco home, 12 two-bedroom apartments over two groups, two frontages with vehicle access...and an existing total rental in excess of approx. $280K pa.

Appreciate the highly secure, exceptionally stable return on investment offered by the income streams of this multi-dwelling property and enjoy solid income today and ensured financial security for years to come. Ready to reward as-is, ideal to landbank and grow, this is the multi-generational investment that comes only once in a generation.

Alternatively, generate an enhanced return and create significant capital growth with a well-conceived development across whole or part of the property(Subject to Council Approval). With rear lane access to consider and a wide principal frontage to one of the area’s leafiest and loveliest addresses), this prime residential site presents multiple options to maximise and capitalise.

This land-holding has significant development opportunity in an in-demand McKinnon Primary School Zone position, minutes’ walk along the retail strip to the station with easy access to Monash University (Caulfield), and a 26 minute commute to the CBD.

For further information on this once-in-a-lifetime offering contact Sam Maley at Buxton Glen Eira on 0433 971 116.

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