Sold42A and 42B Burke Road, Malvern East
Multiple Opportunities Abound - Occupy I Invest I Develop
Outstanding opportunity for occupiers, investors and developers. Desirably positioned on a corner allotment in a leafy, sought after location, this substantial land allotment of 767sqm approx. offers a fantastic Malvern East opportunity for the family to live in one of the duplex pairs whilst having additional investment income from the other pair, or alternatively, to amalgamate into one large family home.
The site is currently occupied by existing duplex residences achieving a combined annual rent of $55,524 which provides stable income while exploring new development opportunities (STCA) within a General Residential Zoning (GRZ - Schedule 7).
Surrounded by fine private schools and institutions, Caulfield Grammar, Korowa, Sacre Coeur, Monash Caulfield and walking distance to Hedgley Dene Gardens, Central Park, Caulfield station, Waverly, Dandenong Road and Wattletree Road Trams. Land: 17.98m x 42.67m - 767sqm approx.
