160-162 Waterdale Road,
Ivanhoe, VIC 3079
Development Sites & Land
Price information
Sale - Expression of Interest closing Fri 17 May
Contact Agent
Detailed listing
Key property information
Land area
Floor area
Parking info
Property extent
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$194,152
Number of Tenants
12 Tenants
Expression of Interest
Private inspections
to arrange a private inspection.
Vinci Carbone Property Pty Ltd - Melbourne
Level 10, 100 Collins StreetMELBOURNE, VIC 3000
160-162 Waterdale Road
Ivanhoe, VIC 3079
Detailed listing
Map of 160-162 Waterdale Road
Train stations within 5 km of 160-162 Waterdale Road, Ivanhoe, VIC 3079 Distance Ivanhoe Station 621 m Eaglemont Station 902 m Darebin Station 1.3 km Heidelberg Station 1.7 km Alphington Station 2 km POWERED BY HERE ©Tram stops within 5 km of 160-162 Waterdale Road, Ivanhoe, VIC 3079 Distance 44-Burke Rd/High St (Kew) 3.8 km 43-Kew High School/High St (Kew East) 3.8 km 37-Woolton Ave/High St (Thornbury) 3.8 km 44-Burke Rd/Doncaster Rd (Balwyn North) 3.8 km 40-Mansfield St/High St (Thornbury) 3.8 km POWERED BY HERE ©Bus stops within 5 km of 160-162 Waterdale Road, Ivanhoe, VIC 3079 Distance Ivanhoe Aquatic Centre/Bond St (Ivanhoe) 68 m Clifton GR/St Elmo Rd (Ivanhoe) 188 m Ivanhoe Civic Centre/Upper Heidelberg Rd (Ivanhoe) 346 m Upper Heidelberg Rd/Ivanhoe Pde (Ivanhoe) 347 m Ivanhoe Shopping Centre/246 Upper Heidelberg Rd (Ivanhoe) 379 m POWERED BY HERE ©
POWERED BY HERE ©
SUBSTANTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY - CURRENTLY COMPRISING 12 APARTMENTS
- LAND AREA: 1,937 SQM* / 45M* FRONTAGE
- GENERAL RESIDENTIAL ZONING
- 12 APARTMENTS
Vinci Carbone are delighted to present for your consideration 160-162 Waterdale Road, Ivanhoe. The property comprises 1,937 sqm* of General Residential Zone land in the affluent inner-city suburb of Ivanhoe. Situated in the City of Banyule, the suburb of Ivanhoe has a strong median house price of $1,570,000 and is located only 9km* from the Melbourne CBD.
The property is currently improved with two (2) blocks of apartments comprising 12 one (1) bedroom apartments with six (6) in each apartment block. The current improvements are refurbished and are leased. The property is returning $194,152 per annum*.
This unique opportunity offers exceptional flexibility which will appeal to both developers and investors with its brilliant location in a proven apartment market. The strong fundamentals of the property, coupled with its strong holding income and significant development potential (STCA) represents a great opportunity to astute buyers.
Key highlights:
Over 1,937 sqm of General Residential zoned land with 45 metre* frontage to Waterdale Road.
This square shaped site is currently improved with 12 apartments spread over 2 separate blocks plus parking.
All apartments are currently leased and returning an annual rental income of $194,152 per annum*.
This property presents an excellent development opportunity now or in the future (STCA).
Ideally located on Waterdale Road in close proximity to the premium retail amenity found on Upper Heidelberg Road as part of the Ivanhoe Activity Centre.
The site has direct linkages to the CBD (9km* from property) via Heidelberg Road and is well serviced by public transport with both train and bus services being within walking distance.
For Sale by Expressions of Interest closing Friday 17 May at 3pm
*approx.
The property is currently improved with two (2) blocks of apartments comprising 12 one (1) bedroom apartments with six (6) in each apartment block. The current improvements are refurbished and are leased. The property is returning $194,152 per annum*.
This unique opportunity offers exceptional flexibility which will appeal to both developers and investors with its brilliant location in a proven apartment market. The strong fundamentals of the property, coupled with its strong holding income and significant development potential (STCA) represents a great opportunity to astute buyers.
Key highlights:
Over 1,937 sqm of General Residential zoned land with 45 metre* frontage to Waterdale Road.
This square shaped site is currently improved with 12 apartments spread over 2 separate blocks plus parking.
All apartments are currently leased and returning an annual rental income of $194,152 per annum*.
This property presents an excellent development opportunity now or in the future (STCA).
Ideally located on Waterdale Road in close proximity to the premium retail amenity found on Upper Heidelberg Road as part of the Ivanhoe Activity Centre.
The site has direct linkages to the CBD (9km* from property) via Heidelberg Road and is well serviced by public transport with both train and bus services being within walking distance.
For Sale by Expressions of Interest closing Friday 17 May at 3pm
*approx.
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If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504543700Last Updated: 2 May 2024
Vinci Carbone Property Pty Ltd - MelbourneLevel 10, 100 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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