1-6/268 Stony Point Road, CRIB POINT VIC 3919

3 units on 1 Title - Fully Leased!

Block Of Units - CRIB POINT VIC

777sqm title with 3 units fully leased showing a strong return!

Situated in Mornington Peninsula’s growth corridor these 3 1-2 bedroom units represent a strong investment offering a decent return while offering plenty of value and upside to improve returns!

Features include:

– Four 1 bedroom and two 2 bedroom units
– All Long term tenants
– 777sqm of land
– Largely well maintained
– Current Gross Return Circa $38,000PA
– 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!

* all figures and measurements are approximate

Contact Sean Crimmins to book your private inspection!

Agent Details