Dandenong Journal Property - 20th May 2019

property

TOWNHOUSE ON ITS OWN TITLE

LOCATED in the Eve Estate is this beautiful townhouse.

Complete with its own title - no owner’s corporation - this property offers easy and convenient living.

Facing parkland, the new owner will have plenty of space for loved ones. There are three bedrooms, the master with two built-in robes and full ensuite. The second and third bedrooms both have built-in robes.

There is a central bathroom and laundry while the open plan living has gas ducted heating and overlooks a private courtyard.

The kitchen has gas cooking, oven and pantry.

There is a double lock-up garage with remote plus side access.

Only seven years old, the home has 2.7 metre ceilings and is close to schools, shops and the M1. ●

HOME ESSENTIALS Address: 8 Elderberry Alley, CRANBOURNE NORTH, VIC 3977 Description: 3 bedrooms, 2 bathrooms, 2 study Price: $410,00 - $450,000 Contact: Steve Hobson 0418 897 411, GERARD COLLINS

MONDAY, 20 MAY, 2019 5 February, 2018

DANDENONG, NOBLE PARK, SPRINGVALE, KEYSBOROUGH, HALLAM, DOVETON, ENDEAVOUR HILLS

Speak to your agent about listing on realestateview.com.au.

Be seen everywhere.

12418904-LB22-19

realestate.starcommunity.com.au

com.au

Monday, 20 May, 2019

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STAR REAL ESTATE

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PROPERTY NEWS

BIDDING WAR OVER 16 APARTMENTS A BIDDING war broke out between three bidders as 16 in-one-line two-bedroom apartments in Dandenong sold for $3.62 million after successful post-auction negotiations at 29 Stud Road.

The property, that sat on a 2,013sq m* land, was offered under a RGZ2 zoning opened the door to a medium density development to 13.5 metres, subject to council approval.

The asset was marketed and sold by Ray White Commercial Glen Waverley managing director Ryan Trickey and Commercial Sales agent Ben Ainsworth.

The marketing campaign included extensive advertising in Star Journal Property, including a front page splash in the lead-up to the auction.

Mr Trickey said there was mixed interest as the property, on the market for the first time in 45 years, appealed to several buyer groups.

“Investors looked at yield, developers looked at highest and best use, and groups (like the buyer) looked at value add. This ranged from the high $2 million to low-to-mid $3 million,” he said.

“There was a genuine buzz around the auction, and it took 24 bids before the property was in a position to be sold, and it went to a commercial ‘re-conditioner’ who'll renovate the units and add value to the site.

“The property provides a strong reliable income and offered financial security and at fully-leased rental, the property produces $218,140 p.a. with only one vacancy on-site right now.

“Being so close to amenities like Dandenong Plaza, Dandenong Market and the train station means there’ll always be a strong tenant demand for young families and professionals alike.”

Mr Ainsworth said Dandenong was a proven re-development precinct with existing permitted construction underway in

the local area.

“Being just 30km* south-east of the Melbourne CBD, the property is within walking distance to all central Dandenong infrastructure,” he said.

“It offers excellent access to the Eastern

Freeway, Monash Freeway and benefits from Dandenong train line and buses.

“Dandenong has become such a large residential and commercial hub and a strong future is being created for the suburb.

“Healthy population growth, commercial

developments, State Government backing and favourable development zoning changes means the Dandenong economy is booming, there is so much activity locally that the future looks very positive.” ● * Approximately

OVERSTOCKED – HUGE LAND SALE RESIDENTIAL BLOCKS OF LAND AVAILABLE IN CLYDE NORTH, OFFICER – PRICES FROM $290,000.

LAND IN LONGWARRY PRICED FROM $200,000 UP TO $75,000 DISCOUNT ALL REASONABLE OFFERS WILL BE CONSIDERED 4 BEDROOM HOUSE & LAND PACKAGES AT MELBOURNE’S BEST PRICES IN CLYDE NORTH, OFFICER – Under $500,000 LONGWARRY 4 BEDROOM HOUSE & LAND PACKAGES AVAILABLE FROM $420,000

Contact Kelvin Gough or Clyde Greene at Safe Super Homes on 9702 2595 for details and blocks available.

STAR REAL ESTATE

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Monday, 20 May, 2019

WHY have 1 tenant when you can have 150!

This modern, low maintenance and centrally located storage complex in the heart of Warragul’s industrial area provides a variety of sized storage units to cater for all markets and budgets and all in a convenient and popular location.

Warragul’s booming residential market and growing business precinct has created incredible demand for storage facilities and enabled this relatively new complex to reach high occupancy rates very quickly.

The facility is a popular choice amongst tenants due to its variety of sizes, easy and secure electronic access system and clean, fully concreted yard.

With typical investment properties you are left with all your eggs in one basket and the loss of a tenant means loss of income!

This impressive property provides better

security of income with its return provided across the multiple units.

The 12 month income forecasts are Assumed Vacancy of 0% $288,379.20, Assumed Vacancy of 5% ($14,418.96) $273,960.24 and Assumed Vacancy of 10% ($28,837.92) $259,541.28. Tenancies have been issued increase in rents of 8% and the forecast is based on an entire 12 month period at the recently increased rental rates.

Costs are estimated to total $19,903.00 *Please note, despite all care being taken to provide accurate information, the forecast figures above are indicative only and Clark NextRE cannot guarantee exact income, occupancy or vacancy rates, or associated costs. Income and costs can vary greatly year to year dependent upon market conditions and trends. This information should not be relied upon alone and is an estimate only. ●

HOME ESSENTIALS 12416763-SN18-19

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DIVERSE INVESTMENT

Address: Warragul City Self Storage | Lot A/11 Pearse Street, WARRAGUL, VIC 3820 Price: $3,200,000 (as a going concern) Inspect: By appointment Contact: Peter Clark 0418 599 432 or David O'Neill 0499 611 671, CLARK NEXTRE com.au

realestate.starcommunity.com.au

PROUDLY DEVELOPED BY

12418570-LN22-19

realestate.starcommunity.com.au

com.au

Monday, 20 May, 2019

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STAR REAL ESTATE

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