WHOLE BLOCK OF APARTMENTS WITH SIGNIFICANT UPSIDE IN PRESTIGE LOCATION
42 Magnolia Road
Gardenvale
928.00m2
Land/Development
**AUCTION: Sunday 28th October 2018 at 12pm onsite**
FIRST TIME OFFERED IN 50 YEARS
Whole block of apartments positioned in the heart of the highly sought-after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools.
• 5 large 2 bedroom apartments
• Substantial land holding of 928m2*
• Zoning: Neighbourhood Residential Zone 1 (NRZ1)
• Current income of $83,244* p.a. with potential for immediate uplift
• ‘Value add opportunity’ â€" invest, develop (STCA) and/or sell down
• Onsite car parking
*Approx.
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