284 Middleborough Road, Blackburn South, VIC 3130 | Jellis Craig
SOLD

284 Middleborough Road, Blackburn South

Vacant Possession Available or $95,000* p/a 8 bedroom Rooming House on a Fully Let Basis – Development Site of 1226m2* Land

An outstanding opportunity has presented itself to secure this great investment and prime future development site in Blackburn South. Offering a regular and level 1226 sqm allotment located walking distance to Laburnum train station and cafes, Blackburn South Shopping precinct and Box Hill South home maker centre.
Further, walking distance and within one of the most sought-after High school zones in Victoria, Box Hill High, and a 5 minute drive to Melbourne’s number one and true satellite city, Box Hill; one can say this is all about a central, convenient location with many options available.
The large brick veneer house is permitted as currently running as an 8 bedroom rooming house, kitchen/meals, and bathroom, generating an amazing rental income of $95,000 per annum on a fully leased/let basis.
There are excellent opportunities to explore a variety of investment options positioned on a Middleborough Rd, allowing for a multi-unit Townhouse development, medical, childcare or simply keep as an investment property on your portfolio [All Subject To Council Approval (S.T.C.A)]
Given the continued growth in this hot pocket of eastern Melbourne this unique multi investment opportunity is not to be missed. With the fast growth and rapid change of the area over the past 20 years and even further exciting plans set for the future.

Land: 26.83m x 45.73m = 1226m2 approximately
Please Note:
[All Subject to Council and other Local and State Government Authorities Approval and Permission (S.T.C.A.)]
All measurements and figures are approximately

Land size: 1,226 Square Metres approx.


Location


Dennis Dellas

Licensed Estate Agent & Auctioneer


Henry Lee

Licensed Estate Agent

Blackburn South Suburb Report


A reliable snapshot of the property market in Blackburn South

Property statistics

*Data sourced from REIV

Local schools

284 Middleborough Road, Blackburn South - Floorplan 1