12 Stanley Street, Box Hill South VIC 3128

This property presents an exceptional investment opportunity, particularly suitable for self-managed super funds or investors seeking a strong and steady source of cash flow. It returns approximately $130,000 annually on a gross basis, providing significant income potential with a proven track record of very low vacancy rates throughout the year.

Comprising a block of 7 well-maintained units all situated on a single title, this property enjoys a superb location between Deakin University and Box Hill TAFE. For added convenience, bus services connecting these educational institutions are located just a few meters away, ensuring consistent tenant demand and ease of access.

The accommodation configuration consists of diverse unit types, including two two-bedroom apartments, two loft bedroom units, and three bedsit style apartments. Each unit is individually metered with separate electricity meters and phone lines, maintaining autonomy and clear billing for occupants. Additional features include dedicated refrigerators and other household appliances for each unit.

Off-street parking is provided with five car spaces available, enhancing convenience for tenants and visitors. The property further benefits from a broad backyard facing north, bathing the outdoor area in sunlight and creating a welcoming, bright environment.

Located on a tranquil street, the property offers easy access to local amenities including a supermarket, Aqualink leisure centre, and Box Hill's bustling shopping district. The availability of job opportunities nearby contributes to the sustained tenancies and desirability for renters.

Investors will also appreciate the significant potential for future redevelopment, as the site provides scope to build multiple townhouses, subject to relevant council approvals (STCA). This adds to the versatility and long-term growth prospects of this offering.

• Strong cash flow with approx. $130,000 gross annual return
• Strategic location between Deakin University and Box Hill TAFE
• Seven units: 2 x two-bedroom, 2 x loft bedroom, and 3 x bedsit apartments
• Separate electricity meters and phone lines for each unit
• Close proximity to bus lines, supermarket, and around 20 local shops
• Near Aqualink and Box Hill Central shopping precinct
• Potential redevelopment site to build multiple townhouses (STCA)

This property is an ideal choice for investors looking for a stable, income-producing asset with exciting redevelopment opportunities in a sought-after location. Its strong rental yield, convenient access to key educational and community facilities, and well-maintained accommodation make it a valuable addition to any investment portfolio.