19 & 21 Toolambool Road Carnegie VIC 3163

Gross Waddell ICR is pleased to offer for the first time since construction, 19 & 21 Toolambool Road, Carnegie. These 2 significant and extremely exceptional apartment blocks consist of 16 quality apartments and are a blue-chip investment with significant rental reversion, strata conversion or future development opportunity (STCA).

Expansive title with 2 allotments offering 1,575 sqm* of land with a favourable Residential Growth Zone (RGZ1)

2 apartment blocks consisting of 16 apartments in total

A perfect apartment mix with 12 two-bedroom apartments and 4 one-bedroom apartments

Fully leased with a substantial income stream of $240,396* per annum & boast significant rental reversion potential

Underlying land value offering future development potential (STCA) with significant surrounding height precedents

Supremely positioned for convenience and lifestyle with walking distance to Carnegie station, Carnegie Central Shopping Centre and Koornang Road retail precinct

Ideal proximity to Monash University and Australia's largest shopping centre being Chadstone Shopping Centre

Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source GapMaps)

Carnegie offers a soaring median house price of $1,700,000 with a 6.3% growth in the past 12 months (source REIV)

For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*approx.