As far as investments go, it’s difficult to top this value-packed site in one of Doncaster East’s best locations.
This incredible six unit site (three three-bedroom, one-bathroom units with two-car accommodation plus three two-bedroom, one-bathroom units with one-car accommodation) currently yields $135k (approx.) in rental income annually. And given that each unit is individually titled, you could also resell each unit individually for a profit immediately.
But that’s not your only option…
Presented in original condition, there’s scope to renovate the neat and tidy interiors, which would allow you to rent them out (or sell them off individually) for a higher value after you’ve applied your contemporary touch.
Sited on a huge 2,150sqm (approx.) block with a wide 34.88m (approx.) frontage and a highly desirable GRZ1 zoning inside the Doncaster Gardens Primary School and East Doncaster Secondary College catchment areas, an opportunity also presents itself to extract maximum value from the block and redevelop into a higher density project (STCA).
Whatever your vision is for this red-hot piece of real estate, it will benefit enormously from its five-star location that’s within short walking distance of Ruffey Lake Park, Doncaster Gardens Primary School, East Doncaster Secondary College, the trendy Donburn shopping strip and the 305 bus that stops metres from the front door and minutes from Westfield Doncaster, Jackson Court shops and cafes, The Pines Shopping Centre, Aquarena Leisure Centre and the Eastern Freeway.
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