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 and 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)
19 & 21 Toolambool Road, Carnegie is offered for sale via an Expressions of Interest closing at 3:00 pm on Thursday the 19th of September 2024. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.
*approx.
