15 Threadneedle Street Balwyn, 3103 VIC

Highly Attractive Investment Opportunity

3 3 3

Quietly located in a beautiful tree lined street, this unique property offers astute investors a terrific income opportunity combined with the security of a bricks and mortar investment and a land component of 756 sq m approximately.

Configured as 3 individual one bedroom apartments, sharing only a common entrance foyer, the property benefits from high quality contemporary renovations in recent years and quality fixtures and fittings throughout.

Currently operating as a licensed rooming house with all the required registrations and permits, the current gross rental yield is in excess of $60,000 per annum. providing a terrific income stream as well as growth potential in the future.

Others may be attracted to the superb northerly rear aspect, the quiet rear location with a private driveway, and potential to rebuild or further develop (STCA) now or in the future.

Whichever way you look at it, a quality investment in a first class location, providing easy access to the 109 Tram in Whitehorse Road, the new station being built in Surrey Hills, a selection of local cafes, restaurants, specialty shops and supermarkets, hospitals, Box Hill Central, sought after schools and much more.

* Unique property on 756 sq m approx.

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