15 Walter Street, Cranbourne, VIC 3977

First​ ​Time​ ​Offered​ ​in​ ​44​ ​Years!

A​ ​tightly​ ​held​ ​investment​ ​in​ ​one​ ​of​ ​Cranbourne's​ ​most​ ​sought-after​ ​locations,​ ​this​ ​outstanding​ ​property​ ​offers​ ​three​ ​units​ ​on​ ​one​ ​title,​ ​generating​ ​a​ ​strong​ ​rental​ ​income​ ​of​ ​approximately​ ​$68,100​ ​per​ ​annum,​ ​all​ ​set​ ​on​ ​a​ ​substantial​ ​862m²​ ​(approx.)​ ​allotment​ ​within​ ​the​ ​Residential​ ​Growth​ ​Zone​ ​–​ ​Schedule​ ​2​ ​(RGZ2).

Whether​ ​you're​ ​an​ ​investor​ ​seeking​ ​immediate​ ​cash​ ​flow,​ ​a​ ​developer​ ​looking​ ​to​ ​unlock​ ​future​ ​potential​ ​(STCA),​ ​or​ ​an​ ​SMSF​ ​buyer​ ​wanting​ ​a​ ​blue-chip​ ​long-term​ ​asset,​ ​this​ ​is​ ​an​ ​opportunity​ ​not​ ​to​ ​be​ ​missed.

Investment​ ​Highlights
•​ ​​ ​​ ​​ ​Three​ ​units​ ​on​ ​one​ ​title
•​ ​​ ​​ ​​ ​Returning​ ​approximately​ ​$68,100​ ​per​ ​annum
•​ ​​ ​​ ​​ ​862m²​ ​(approx.)​ ​allotment
•​ ​​ ​​ ​​ ​Residential​ ​Growth​ ​Zone​ ​–​ ​Schedule​ ​2​ ​(RGZ2)
•​ ​​ ​​ ​​ ​Potential​ ​to​ ​subdivide​ ​or​ ​redevelop​ ​(STCA)
•​ ​​ ​​ ​​ ​Exceptional​ ​land​ ​banking​ ​opportunity​ ​with​ ​strong​ ​holding​ ​income
•​ ​​ ​​ ​​ ​High-demand​ ​central​ ​Cranbourne​ ​location

Unit​ ​1
•​ ​​ ​​ ​​ ​2​ ​spacious​ ​bedrooms
•​ ​​ ​​ ​​ ​Central​ ​bathroom
•​ ​​ ​​ ​​ ​Kitchen​ ​with​ ​adjoining​ ​meals​ ​area
•​ ​​ ​​ ​​ ​Spacious​ ​living​ ​room
•​ ​​ ​​ ​​ ​Car​ ​space
•​ ​​ ​​ ​​ ​Currently​ ​leased​ ​at​ ​$1,520​ ​PCM

Unit​ ​2
•​ ​​ ​​ ​​ ​2​ ​spacious​ ​bedrooms
•​ ​​ ​​ ​​ ​Central​ ​bathroom
•​ ​​ ​​ ​​ ​Kitchen​ ​with​ ​adjoining​ ​meals​ ​area
•​ ​​ ​​ ​​ ​Spacious​ ​living​ ​room
•​ ​​ ​​ ​​ ​Car​ ​space
•​ ​​ ​​ ​​ ​Currently​ ​leased​ ​at​ ​$1,773​ ​PCM

Unit​ ​3
•​ ​​ ​​ ​​ ​3​ ​spacious​ ​bedrooms
•​ ​​ ​​ ​​ ​Huge​ ​kitchen​ ​with​ ​meals​ ​area
•​ ​​ ​​ ​​ ​Two​ ​bathrooms
•​ ​​ ​​ ​​ ​Open-plan​ ​living​ ​area
•​ ​​ ​​ ​​ ​Lock​ ​up​ ​single​ ​garage
•​ ​​ ​​ ​​ ​Proposed​ ​rental​ ​return​ ​of​ ​$2,383​ ​PCM
​ ​​ ​​ ​​ ​
Total​ ​Rental​ ​Return:​ ​Approximately​ ​$68,100​ ​per​ ​annum
Approximate​ ​Gross​ ​Rental​ ​Yield:​ ​5.66%

Prime​ ​Central​ ​Location
Perfectly​ ​positioned​ ​within​ ​walking​ ​distance​ ​to​ ​Cranbourne​ ​Park​ ​Shopping​ ​Centre,​ ​High​ ​Street​ ​shopping​ ​precinct,​ ​cafés,​ ​medical​ ​facilities,​ ​public​ ​transport​ ​and​ ​Cranbourne​ ​Train​ ​Station.​ ​Also​ ​close​ ​to​ ​quality​ ​schools,​ ​including​ ​Cranbourne​ ​Secondary​ ​College,​ ​making​ ​this​ ​an​ ​attractive​ ​location​ ​for​ ​both​ ​tenants​ ​and​ ​future​ ​purchasers.

An​ ​Opportunity​ ​That​ ​Ticks​ ​Every​ ​Box
Properties​ ​of​ ​this​ ​calibre​ ​are​ ​incredibly​ ​difficult​ ​to​ ​find.​ ​Offering​ ​immediate​ ​rental​ ​income,​ ​outstanding​ ​development​ ​potential​ ​(STCA),​ ​and​ ​a​ ​premium​ ​growth​ ​location,​ ​this​ ​is​ ​a​ ​rare​ ​chance​ ​to​ ​secure​ ​a​ ​high-performing​ ​investment​ ​with​ ​enormous​ ​future​ ​upside.

Invest.​ ​Develop.​ ​Land​ ​Bank.​ ​Prosper.

For​ ​further​ ​information​ ​or​ ​to​ ​arrange​ ​a​ ​private​ ​inspection,​ ​contact​ ​John​ ​Lauretta​ ​today.