FOR SALE
$3,800,000

1040 Mount Alexander Road
Essendon VIC 3040

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 876m2
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Private Negotiation By Pennisi

Outstanding Investment or Development opportunity.
The complex of 10 apartments all on one title. Previously run as a hotel, this property is ideal for land banking, with excellent potential income now and the opportunity to reconfigure or redevelop in the future.
The Essentials:
- Land size of approximately 876 square metres
- Block of ten apartments
- One 2-bedroom apartment
- Nine 1 bedroom apartments
- All with living, kitchen, 1 bathroom, and split-system
- All vacant
- 10 car parks at the rear
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Property Details for 1040 Mount Alexander Rd, Essendon

Building Type
Commercial
Floor Size
876m2

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About Essendon 3040

The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2011 was 18,852 people. By 2016 the population was 20,611 showing a population growth of 9.3% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon work in a professional occupation. In 2011, 64% of the homes in Essendon were owner-occupied compared with 60.2% in 2016.

Essendon has 12,908 properties.

    There are currently 39 properties listed for sale, and 18 properties listed for rent in Essendon on OnTheHouse. According to CoreLogic's data, 523 properties were sold in the past 12 months in Essendon.

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    Andrew Pennisi
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    Pennisi Real Estate
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