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Property Details: • Type: Apartment / Unit / Flat
• Bedrooms: 8 • Bathrooms: 8
Description: Positioned in one of Carnegie's most tightly held and prestigious pockets, this prime 679sqm parcel of land presents an unbeatable investment package. Currently comprising eight 1-bedroom, 1-bathroom, 1-car units, the property delivers a strong rental return of approximately $151,000 per annum, with an estimated yield of 5%. Zoned within a well-established and affluent residential area renowned for its Jewish community, the property offers immediate income generation alongside the long-term capital growth potential of a high-demand landholding. Features include: Total land area: 679m². Eight fully leased individual units Stable rental income and reliable tenancy history Future redevelopment potential (STCA) Blue-chip Carnegie location close to shops, transport, schools, and parks Ideal for savvy investors, SMSFs, or developers looking to secure a rare high-performing asset with upside.
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