Amazing opportunity exists in the heart of Glenroy, this block of 10 apartments, all one bedroom with open plan living, laundry and terrace or balcony have endless potential for the savvy investor. Location is key when buying, this block is nestled between Jacana Railway Station and buzzing Glenroy Hub, with ATC Cook Reserve just a stone throw away. The land size is approximately 981m2 and zoned ‘General Residential Zone – Schedule 1’ with ‘development contributions plan overlay’, this allotment is suitable for re-development subject to council approval. Projects like this are slim in thriving Glenroy.
NOTE: Apartments need TOTAL Renovations and all on ONE TITLE.
Property MUST go to AUCTION.
|R&H Suburb Summary||Houses|
|Number of sales||210|
|Median Rental Price||$420 p.w.|
|Change in Rental Rate (5yr)||20 %|
|R&H Suburb Summary||Units|
|Number of sales||260|
|Median Rental Price||$390 p.w.|
|Change in Rental Rate (5yr)||18 %|