5 Grandview Avenue

Dandenong VIC 3175

Brief highlights/options of this property are below :
a) Consists of a good 3-bed weatherboard house, on a perfectly rectangular prime block, of 700sqm approx., with an ongoing tenancy and currently rented out at $15,600 per year
b) Has a 4-townhouse planning permit, stamped & approved by council, with all uncertainty and risk removed, no holding costs or further planning permit costs/delays. Can start construction soonest,or can wait, if you so wish, as permit is pretty long-term (3-4 years or more) and renewable(stca)
c) Or you could just buy and hold this property by locking into the current low interest rates, enjoying the appreciation and on-going tax benefits and then on-selling 'as is', should you so wish.
d) Upon completion, the townhouses will mostly attract the FHB market as they are entry-level , brand-new thus qualifying the 10K Grant, and with 7 yrs warranty.
e) Upon completion, the townhouses will equally appeal to the first-time-investors' market (for auto-pilot investing) simultaneously enjoying the full capital and plant/equipment depreciation, premium rent, yearly tax benefits, minimal or no repairs, 7 yr warranty and the eventual appreciation.
f) Upon completion, the townhouses could all sold, or sell some, hold some, or hold all and rent out all, should you so wish
Call Walter on 0413 927 784 for further details or to view the Approved Plans&Permits.
Additional feature/s - Close to Schools.