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Sold Feb 2014
Strategic Investment, Entire Apartment Block

1-12/41 Osborne Avenue, Glen Iris, VIC 3146

22 beds 12 baths 12 cars
Block of Flats

person
Xen Blaher
person
David Macmillan
1-12/41 Osborne Avenue has been Sold
A whole apartment block, on a single title, occupying an allotment measuring in excess of 1000sqm (approx), clearly represents one of the most important investment opportunities in Glen Iris for some considerable time. The rewards, and the options, confirm the status. Comprising ten two bedroom apartments and two one bedroom apartments, offering conservative projected returns of some $196,344 per annum when fully occupied, this impressively maintained, ideally positioned building features eight apartments with balconies and off street parking for each property, six undercover. Proximity to Malvern Road cafes, High Street trams, Gardiner station trains and Harold Holt pool provide lifestyle assets in very direction while scope to strata title and re-sell or subdivide and redevelop (STCA), are among the options open to astute investors. An outstanding prospect from a superannuation prospect, unlikely to matched in the area for many years.
Conjunctional Agent: Philip Webb Doncaster
Features
Land Area: 1,071 sqm
Rooms: 34
Parking: 12 cars
What's Nearby
What's Nearby
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Comparable Sales
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Meet the Neighbours near 1-12/41 Osborne Avenue SA1 - 2119405 See demographic, employment and income info about the people living in this part of Glen Iris
$3,532
Monthly Personal Income
$4,611
Monthly Household Income
$1,801
Monthly Mortgage Repayments
The average age is 32
Majority are Couples without children
Most residents Renting
Weekly Income
Pocket
Glen Iris
Employed as Education and training
Education and training
Professional scientific and technical services
Health care and social assistance
Retail trade
Accommodation and food services
Pocket Profile
Ask our agents about 1-12/41 Osborne Avenue, Glen Iris, VIC 3146
person
Xen Blaher
person
David Macmillan
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