9 Edith Street, Dandenong VIC Sold - Sold for $1,045,000

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Prime Development Opportunity in Central Position

Located in one of Dandenong’s most sought after and central locations, this property makes an outstanding development opportunity or investment prospect.

Sitting on a generous allotment of 895 sqm in a Residential Growth Zone (City of Great Dandenong Planning Scheme), you will not be short of options with possibility to develop either multiple townhouses, as next door, or multi-storey apartment building (Subject to Council Approval).

The existing brick home comprises 2 bedrooms, formal lounge and dining areas, separated kitchen with gas cooking, central bathroom and separate toilet and is currently leased for $350 per week until 4th May 2024. There is also a second 1 bedroom self-contained unit attached currently leased for $215 per week until 11th June 2024 meaning you will benefit from a solid rental income totalling $565 per week whilst finalising plans and permits.

With possibility to walk to all of Dandenong’s amenities including Market, Plaza, central business district, cafes, restaurants, shops and public transport services, this property literally sits in the heart of it all.

Do not miss this once in a lifetime opportunity. Arrange to inspect before it is too late!

Contact: Ranko Delibasic on 0422 991 375 or Neb Delibasic on 0411 332 467

TO VIEW THE CONSUMER AFFAIRS DUE DILIGENCE CHECKLIST PLEASE VISIT http://www.consumer.vic.gov.au/duediligencechecklist

 

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