Situated in Mornington Peninsula’s growth corridor these 6 1-2 bedroom units represent a strong investment returning 5% while offering plenty of value and upside to improve returns!
Features include:
– Four 1 bedroom and two 2 bedroom units
– All Long term tenants
– 1,694sqm of land
– Largely well maintained
– Current Return Circa $57,000 PA
– Close to schools, shops and transport
– Immediate vicinity to HMAS cerberus which is undergoing a $430 Million Dollar redevelopment
– Possibility for redevelopment (stca)
– Explore transforming into a short stay rental property targeting the recreational fishing industry with plenty of existing open space for boat and vehicle parking!
Contact Sean Crimmins to book your private inspection!
Inspection Times:
Agent Details
| Price: | $Fully Leased Unit Block! |
| Address: | 268 Stony Point Road |
| City: | CRIB POINT |
| State: | VIC |
| Zip Code: | 3919 |
| Bedrooms: | 8 |
| Bathrooms: | 6 |