12 Murrumbeena Road

Murrumbeena VIC 3163

Purpose built & owned by one family for the past 53 years, this well maintained block of one bedroom apartments on one title, to be sold & offered subject to existing tenancies as one incredible package, presents a rare & remarkable investment opportunity. Currently returning $161,040 per annum approx., this fully tenanted, solid brick block of twelve promises an immediate & ongoing cash flow with exciting future options to renovate, enhance or redevelop (STCA). Split over two levels with six ground floor apartments & six first floor apartments, this is a once in a lifetime opportunity! Each apartment comprises a spacious light filled living & dining room, a functional kitchen, bedroom with built in robes & ensuite, an undercover car spot as well as access to one of two communal laundries. Ideally located in a high growth location with land at both the front & rear of block providing excellent development potential or courtyard space. The location is prime, just moments from Murrumbeena Station, shops & cafes & within close proximity to Koornang Road, restaurants & shops as well as Chadstone Shopping Centre. Dont miss out on this massive investment opportunity to ensure blue-chip returns & make your mark in this prime lifestyle location.