property
16 APARTMENTS UP FOR AUCTION SIXTEEN in-one-line two-bedroom apartments are going under the hammer for the first time in 45 years at 29 Stud Road, Dandenong. The property sits on a 2,013sqm* of land under RGZ2 zoning, opening the door to a medium density development to 13.5 metres, subject to council approval. The asset is being marketed and sold by Ray White Commercial Glen Waverley. Managing Director Ryan Trickey said the property provided a strong reliable income and offered financial security. In addition, potential future development means purchasers can add value instantly. “The asset is owned and was built by the vendor’s parents some 45 years ago,
with the building actually named after one of those family members,” Mr Trickey said. “At fully-leased rental, the property produces $218,140 p.a. with only one vacancy on-site right now, with this apartment receiving fresh carpet and minor cosmetic touch-ups. “Potential buyers can be confident in the fact the property has seen constant tenancies and upgrades over the years, with affordable rental across the property ensuring low vacancies. “Being so close to amenities like Dandenong Plaza, Dandenong Market and the train station means there’ll always be a strong tenant demand for young families and professionals alike. Continued page 10
HOME ESSENTIALS Address: 29 Stud Road, DANDENONG, VIC 3175 Auction: Friday 3 May 1pm onsite Contact: Ryan Trickey 0400 380 438 or Ben Ainsworth 0412 534 028, RAY WHITE COMMERCIAL GLEN WAVERLEY daNdENONG, NOBlE parK, SpriNGValE, KEySBOrOUGH, HallaM, dOVETON, ENdEaVOUr HillS
Enjoy living by the wetlands
12416932-SN18-19
MONday, 22 april, 2019 5 February, 2018
BLOCKS
283 - 585m2
PURCHASE WITH JUST A $10,000 DEPOSIT * * Terms & Conditions apply
timbertopestate.com.au 1300 925 349
Visit the Sales Suite 11am - 5pm daily 4 Cotswold Cres, Officer VIC 3809
Proudly
ON THE COVER
OVERSTOCKED – HUGE LAND SALE RESIDENTIAL BLOCKS OF LAND AVAILABLE IN CLYDE NORTH, OFFICER – PRICES FROM $290,000. LAND IN LONGWARRY PRICED FROM $200,000 UP TO $75,000 DISCOUNT ALL REASONABLE OFFERS WILL BE CONSIDERED 4 BEDROOM HOUSE & LAND PACKAGES AT MELBOURNE’S BEST PRICES IN CLYDE NORTH, OFFICER – Under $500,000
From page 9 “The package offers stable income and development potential and provides an opportunity to potential buyers that’s seldom offered to the market.” Mr Ainsworth said Dandenong was a proven re-development precinct with existing permitted construction underway in the local area. “Being just 30km* South-East of the Melbourne CBD, the property is within walking distance to all central Dandenong infrastructure,” he said. “It offers excellent access to the Eastern Freeway, Monash Freeway and benefits from Dandenong train line and buses. “Dandenong has become such a large residential and commercial hub and a strong
SEJ
T 16P_
Real Estate
1/4 Acre ProPerty—exemPlArily Set UP
future is being created for the suburb. “Healthy population growth, commercial developments, State Government backing and favourable development zoning changes means the Dandenong economy is booming, there is so much activity locally that the future looks very positive.” ● *approximately
SEJ
12416635
Real Estate
PUre oPUleNce oN 5 PriVAte AcreS
LONGWARRY 4 BEDROOM HOUSE & LAND PACKAGES AVAILABLE FROM $420,000 2 FerNDAle roAD lANG lANG
18 HAzelWooD riDGe HAzelWooD NortH
This timeless double brick home showcases the difference a quality build makes. 3 generous bedrooms, ensuite & main bathroom with spa. 2 living areas, the first with a modern edge. No through court is a lovely location & just a walk into town. Seperate sewing studio. Abundant lock up shedding complete with power, solid fuel heater, kitchen sink & 6 car spaces, the shed will certainly please. Entertain outdoor under the spacious pergola & enjoy your own completely private backyard. An exceptional property inside and out.
High expectations – expense has not been spared. Outstanding design with high end finish & updates that enhance! Turn heads with your own private 5 acre haven at the end of the beautiful & quiet Hazelwood Ridge. New secure shedding & low maintenance gardens. A home ever so unique with captivating outlook from every aspect! Double glazed over sized windows & doors, extensive hostess kitchen, lavish stone wall features inside & out. Indulge and enjoy.
$565,000-$590,000 internet iD: 20524553 View property and more details at www.sej.com.au
$800,000-$880,000 internet iD: 20628517 View property and more details at www.sej.com.au
5622 3800 cnr Smith & Queen St, Warragul
5622 3800 cnr Smith & Queen St, Warragul
Contact Kelvin Gough or Clyde Greene at Safe Super Homes on 9702 2595 for details and blocks available.
www.sej.com.au
12416763-SN18-19
www.sej.com.au
You’ll know who to call when you NEXT buy, sell or lease.
Call David O’Neill 0499 611 671 Inspect By Appointment
WARRAGUL
School’s Out
EXPRESSION OF INTEREST All Expressions of Interest must be submitted by 16th May 2019
This is a unique site, yet it is one that has a long-standing familiarity with the Warragul community due to the building’s rich history. Built in 1945, the former linen thread factory has more recently been proving a fine educational hub for our youth, honourably serving as the Year 9 Campus for St Pauls Anglican Grammar School. This central location is as easily accessible to the centre of town as it is to the Princes Freeway. It is also in close proximity to parklands, walking tracks and schools, as well as recreational areas such as the Warragul Golf and Country Club. The location has made it an ideal educational precinct, set on 11,210m2 aprrox. of land and with a building size of 4,805m2 approx., is why the site is a great prospect with a multitude of opportunities for its prospective owners.
www.clarkRE.com.au 10
STAR REAL ESTATE
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Monday, 22 April, 2019
com.au
33 Smith St Warragul
40 Princes Way Drouin
Call 03 5623 6466
Call 03 5625 1671
realestate.starcommunity.com.au
a b c
a b c
12416758-17-19
realestate.starcommunity.com.au
com.au
Monday, 22 April, 2019
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STAR REAL ESTATE
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VENDORS INSTRUCTIONS ARE TO SELL Dandenong, 29 Stud Road
Auction
AUCTION Fri 3 May 1pm Onsite • • • • • • •
Current rental: $218,140 with strong tenancy history 16 apartments all consisting of 2 bedrooms and full brick construction Potential rental upside with a current average rental per week of just $261 per week 16 Car spaces on site Land: 2,013m2 Zoning: (RGZ2) Allowing for up to 13.5 meters high density development 400m from Dandenong Plaza & Dandenong Market, 1.3km to Dandenong train station
Ryan Trickey 0400 380 438 ryan.trickey@raywhite.com Ben Ainsworth 0412 534 028 ben.ainsworth@raywhite.com
*Approx
raywhitecommercialglenwaverley.com 12416534-ACM18-19
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STAR REAL ESTATE
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Monday, 22 April, 2019
com.au
realestate.starcommunity.com.au