$140,000 gross annual return...Plans and permits approved..Fabulous location with smart options.
The Phone Code for this property is: 18419. Please quote this number when phoning or texting. 46 EDWARD AVENUE, DANDENONG With the interest rate at a record low and the government is pouring money to boost the economy as home buyer grant and stamp duty discounts, 46 Edward Avenue Dandenong could be your life changer in the real estate market. All the hard work has been done here, with 2 excellent options that have been expertly thought through for the lucky new owner to take advantage of. This site is set on a 640m2 approximately and currently hosts a 3 bedroom, 1 bathroom, single lock up garage weatherboard house which is currently rented out for $300 per week with vacant possession available for interested buyers. The existing house can be easily rented at $350 per week for few years, while you prepare the finance for the development, The weatherboard house with approved plans and permit is priced to sell between $699,000,000 - $768,900. OPTION 1: Full working drawings completed and approved for a 9 bedroom Studio Complex, all rooms with full ensuites and kitchen facilities with a projected gross annual rental return of approximately $140,000. OPTION 2: Approved Plans and Permits for two single-storey fully detached houses side by side with their own driveway. Both boasting 4 bedrooms 2 bathrooms with a single garage and an additional parking space. Whether it is the massive cash flow of the studio complex or living in one unit and reap the great rental return of the second unit or simply build your luxury dream home and living in the middle of central Dandenong - the choice is yours. All this is in a very desirable part of Dandenong with only approximately 100 metres to Dandenong hospital, and walking distance to Schools, Market, Public Transport and everything else Central Dandenong has to offer. Act now to grab the grants and stamp duty discounts. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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