9 Childers Street
Mentone vic 3194

For the first time since construction a truly unique chance exists to purchase this rare and exciting opportunity featuring a block of four villa units on a fantastic 1,014sqm (approx.), being sold as one offering. Whether you aim to reap the brilliant rental income or develop the hugely versatile site (STCA), the choice is yours!

Securely let and currently returning approximately $99,336 per annum, the block comprises two fully renovated two bedroom villas (the front - villa 1 and back - villa 2) and two original two bedroom villas (villa 2 and 3). Each unit boasts good-sized living rooms with practical kitchens, and generous bathrooms with space for laundry facilities. On-site parking is also available.

The property offers multiple options - you can rent out as is, upgrade to improve your return, or take advantage of its scope for further renovation, site improvements and subdivision potential to maximise your return with minimum effort (STCA).

Located in the highly sought-after Mentone area, this property is close to all amenities - the newly finished Mentone Station, Mentone Village shops, cafes, restaurants, Southland, Mentone Train Station, Mentone Primary School, Mentone Girls and Cheltenham Secondary Schools, Mentone Grammar School, St.Bede's College, picturesque reserves and Bayside's most popular beaches. This plot is full of potential and is a prized investment opportunity!

For more information about this one-off multi-home opportunity contact Michael Care on 0432 488 939 or Donna Brient on 0403 195 226 today.

Comprising:

● Unsubdivided

● 2 fully renovated two bedroom Villas (front and rear - Villa 1 and 4

● 2 original two bedroom Villas (Villa 2 and 3)

● Total land size: 1,011m2

● Ample scope to redevelop (STCA)

● Current gross income: $99,336 per annum