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Overview
Permit-Approved Positive Gearing Development Opportunity - Ready...
An exceptional turnkey development opportunity with all major pre-construction approvals and documentation already completed, making it ideal for builders, developers, or investors seeking a ready-to-commence high-yield co-living project.
This permit-approved site has been strategically designed to ensure strong rental performance and efficient delivery, significantly reducing upfront planning time, holding costs, and project risk.
Key Highlights
- Building permit approved
- DCP levy paid
- Draft Quantity Surveyor report completed
- Valuation completed
- Funder available
- Suggested builder available
- Designed as a positive gearing investment asset upon completion
- Room booking platform included in the sale that can be customised to your requirements
Development Features
- Secure gated building design
- Two on-site car spaces
- Dedicated bike racks
- Eight accommodation rooms
- All eight rooms include private ensuites
- Private enclosed open space for six rooms
- Two oversized premium rooms
The project is designed specifically for the growing co-living and student accommodation market, prioritising tenant privacy, comfort, and functionality while maintaining operational efficiency and strong rental appeal.
Estimated Rental Returns
- Approximately 9% gross rental yield (unfurnished)
- Approximately 9.9% gross rental yield (furnished)
The projected rental performance supports a positive gearing position upon completion, making this an attractive opportunity for investors seeking strong cash flow potential.
Prime St Albans Location
- Approximately 5 minutes by car to Victoria University
- Approximately 3 minutes by car to St Albans Railway Station
- Approximately 3 minutes by car to St Albans Shopping Precinct
Positioned within one of Melbourne's growing rental demand corridors, this development presents a strong opportunity for investors seeking stable cash flow and long-term growth potential in the co-living and student accommodation sector.
Suitable For
- Builders seeking shovel-ready projects
- Investors seeking passive high-yield assets
- Developers looking to reduce planning risk and approval timelines
- Student accommodation and co-living operators
Enquire now for the full information memorandum, approved plans, reports, and supporting documentation.
Features
Close to parklands, schools, shops, transport, and located in a quiet area.
Due Diligence Checklist
Before purchasing vacant residential land, it is important to be aware of various issues that may affect the property and impose restrictions or obligations. Further information is available through the provided due diligence checklist link.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
St Albans VIC 3021
Market Insights for St Albans VIC 3021
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
