A SIGNIFICANT AND RARE OPPORTUNITY TO ACQUIRE AN ENTIRE APARTMENT BLOCK IN ONE OF MELBOURNE’S MOST ELITE POCKETS.
PROPERTY
1-7/44 Scott Grove, Glen Iris
DESCRIPTION
7x2 bedroom apartments on individual titles and with onsite parking
LOCATION
Nestled in one of Stonnington’s most exclusive pockets
LEASE DETAILS
Annual gross income on a fully let basis currently $132,000 per annum (approx.)
AREA
Land area 1225m 2 (approx.)
ZONE General Residential Zone Schedule 10 (GRZ10)
METHOD OF SALE
Expressions of Interest
Tuesday 11 July at 2.00 (unless sold prior)
TERMS
10% deposit with settlement in 90 days or by negotiation
GLEN IRIS | 44 SCOTT GROVE | PAGE TWO
Volume: 09179 Folio 604
Frontage: 18.29m (approx.)
Boundaries: 67.06m (approx.)
Land Size: 1225m2 (approx.)
Zoning: General Residential Zone Schedule 10 (GRZ10)
7x2 bedroom apartments with onsite parking
Current gross income on a fully let basis: $132,000 per annum (approx.)
City of Stonnington Rates: $9,500 per annum (approx.)
Yarra Valley Water: Service and Drainage: $4,416.44 per annum (approx.)
Annual Park: $571.20 per annum (approx.)
Education facilities:
- Korowa Girls School
- Sacre Coeur
- Caulfield Grammar School Malvern
- Malvern Central School
- Bialik College
- St Kevin’s College
- Lauriston Girls School
- St Catherine’s School
STATUS Currently Vacant
ESTIMATED RENT PER MONTH $1,646-$1,820
STATUS Periodic Lease
RENT PER MONTH $1,608
LEASE EXPIRY 31/03/2023
STATUS Subject to Lease
RENT PER MONTH $1,629
LEASE EXPIRY 29/02/2024
STATUS Periodic Lease
RENT PER MONTH $1,586
LEASE EXPIRY 6/10/2017
TOTALS: R ENT PER ANNUM ON A FULLY LET BASIS $132,000
GLEN IRIS | 44 SCOTT GROVE | PAGE SIX
GLEN IRIS | 44 SCOTT GROVE | PAGE SEVEN
EXPRESSIONS OF INTEREST
Tuesday 11 July at 2.00 (Unless Sold Prior)
