Worrall Street, Burwood VIC 3125

$5,000,000 Private Sale
Property Details

Worrall Street, Burwood VIC 3125

$5,000,000 Private Sale
Description

Superb Freehold - 7 Units Securely Leased - Redevelopment Potential

Block Of Units - Burwood VIC

This is a rare opportunity to buy a residential freehold comprising 7 residential apartments set on a lovely 1718SQM parcel of land. This property has been held long term by its current owners for over 35 years and has 7 strata titles fully held under one ownership.

All the 7 units are being offered for sale together. Potential to sub-divide, update, re-develop. Each existing unit comprise hardwood timber floors, modern appliances, are in good repair, very livable and securely leased and producing a modest rental income of $140,000 approximately per year.

Located in the prime location in Burwood and close to Deakin University, Burwood East Shopping Centre, major road arterials and public transport.

Property Features
  • Block Of Units
  • 2 bed
  • 1 bath
  • 1 Parking Spaces
  • Land is 1,718 m²
  • Garage