5 Joami Street
Cheltenham, VIC 3192

Overview

$160,000 Rental Income Corner Development Site

Unlock a rare opportunity with this versatile double brick property on a generous 672sqm (approx.) corner block in a quiet cul-de-sac. Ideal for investors or developers, it currently returns $2,700 per week ($140,400-$160,000 per year) through fully leased formal agreements - letting you earn income while you plan your next move.

The property hosts nine individual rooms. Upstairs features 7 with a shared bathroom, and a large communal area. The ground floor includes two additional rooms, each with their own bathroom, providing privacy and convenience for tenants. The property is designed to maximize rental income while maintaining a comfortable living environment.

Located in a prime Cheltenham location, this property is within close proximity to local amenities, schools, and public transport. The area is known for its family-friendly atmosphere and vibrant community, making it an attractive option for potential tenants.

With ample parking space for up to six vehicles, this property is well-equipped to accommodate both residents and visitors. The expansive outdoor area offers potential for further development or landscaping, allowing for personal touches to enhance the property's appeal.

This is a unique investment opportunity that combines a solid rental return with the potential for future growth. Whether you are looking to expand your property portfolio or seeking a development project, this property presents a multitude of options.

Don’t miss out on this exceptional chance to secure a prime piece of real estate in Cheltenham. Contact us today for more information or to arrange a viewing.

Location