In a peaceful leafy location just moments to Ormond Village, Ormond station and EE Gunn Reserve, this impeccably presented and maintained enclave of eight single level residences represent a rewarding addition to any investment portfolio. Alternatively, the substantial northwest facing allotment provides a significant opportunity as the site for a new luxury home or boutique development in GRZ1 Zoning (STCA).
While renovations have modernized kitchens and bathrooms in a number of the residences, all are in comfortable order for immediate leasing. Amongst the eight units, two feature two bedrooms and one bathroom while the remaining six are one bedroom units with one bathroom each. All feature light-filled living rooms, separate kitchens, Euro-laundries, RC/air-conditioning and a carport or car-space.
Perfect just as they are, further renovations would add to the capital value and rentability. This is an exceptionally rare opportunity to purchase an entire development in such a coveted location. Due Diligence Checklist