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Units 1-3/268 Stony Point Road, CRIB POINT VIC 3919

$775,000
Property Details

Units 1-3/268 Stony Point Road, CRIB POINT VIC 3919

$775,000
Description

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
Sean Crimmins
Mobile: 0411734814
Phone:
Email: Contact
Property Features
  • Block Of Units
  • 5 bed
  • 3 bath
  • Land is 758 m²