Property Details
Units 1-3/268 Stony Point Road, CRIB POINT VIC 3919
$775,000Description
3 units on 1 Title - Fully Leased!
Block Of Units - CRIB POINT VIC
LOT 2 Only for Sale!
758sqm title with 3 units fully leased showing a strong return!
Situated in Mornington Peninsula’s growth corridor these three 1-2.5 bedroom units represent a strong investment offering a decent return while offering plenty of value and upside to improve returns!
Features include:
– Three units – Unit 1 is 2 bed, Unit 2 is 1 bed, Unit 3 is 2.5 bed
– All Long term tenants
– 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
Property Features
- Block Of Units
- 5 bed
- 3 bath
- Land is 758 m²