Auction 30/05/24
1-6/23 James Street, Box Hill VIC 3128
Apartment
1066
Block size: 828 m² approx.
A rare lucrative investment opportunity.
If you're after a rock solid investment with potential for the future, it's difficult to overlook this value-packed block of six strata titled villa units in the heart of blue ribbon Box Hill!
This incredible six-unit site (two one-bedroom units and four two-bedroom units all with titled car space) currently generates $104,280 (approx.) in annual rental income. And given that each unit is individually titled, you could also resell each unit individually for a profit immediately.
But that's not your only option
Presented in original condition, there's scope to renovate the neat and tidy interiors, which would allow you to rent them out (or sell them off individually) for a higher value after you've applied your contemporary touch.
Sited on a generous 828sqm (approx.) allotment inside the Box Hill High School zone, an opportunity also presents itself to extract maximum value from the block and redevelop (STCA).
Whatever your vision is for this rare opportunity, it will benefit enormously from its five-star location that's within short walking distance of Box Hill Central, Box Hill train station, trams, popular shops, cafes and eateries, Surrey Park Lake and Aqualink Box Hill.
This incredible six-unit site (two one-bedroom units and four two-bedroom units all with titled car space) currently generates $104,280 (approx.) in annual rental income. And given that each unit is individually titled, you could also resell each unit individually for a profit immediately.
But that's not your only option
Presented in original condition, there's scope to renovate the neat and tidy interiors, which would allow you to rent them out (or sell them off individually) for a higher value after you've applied your contemporary touch.
Sited on a generous 828sqm (approx.) allotment inside the Box Hill High School zone, an opportunity also presents itself to extract maximum value from the block and redevelop (STCA).
Whatever your vision is for this rare opportunity, it will benefit enormously from its five-star location that's within short walking distance of Box Hill Central, Box Hill train station, trams, popular shops, cafes and eateries, Surrey Park Lake and Aqualink Box Hill.
Inspections
Can't inspect in person?
Contact James Wardrop to enquire about this property including alternatives to in-person inspections.
Auction
Thursday 30 May, 12:30pm
On Site
Key details
Bedrooms:
10
Bathrooms:
6
Garage Spaces:
6
Property type:
Apartment
Block Size:
828 m²*
Other Details
Next Inspection:
Maps and area information
Block information
Block size: 828m² (approx)
No block information available
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
We couldn't find any history for this property.
See Box Hill's suburb profile
Statement of information
Section 47AF of the Estate Agents Act 1980
Download Statement of Information
Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
Box Hill suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
33 years
Population
14,353
Listing ID: 182484708. This listing has been viewed 7 times. It was first displayed on 30/04/2024 and last updated on 25/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.