THE BLOCK
1-8/17-19 Munro Street, Ascot Vale VIC 3032
By Negotiation
Other CommercialSize: n/a
Block size: 891 m² approx.
Inspection by appointment only.
Smack-bang in the heart of Ascot Vale, this block of 8 apartments (all separately-titled to be sold as one) presents an outstanding investment opportunity with rewarding returns and exceptional value-adding potential.
Key attributes of the property include a land size of 891sqm (approx) complete with general residential zoning (R1Z). Each apartment is generously proportioned with two large bedrooms, central bathroom, separate kitchen/meals and sizeable living area, plus its own balcony and undercover parking space. Apartment 8 (pictured) is the most updated of all, while the other 7 provide terrific scope to improve. Rental potential combined is in the vicinity of $180K per annum with plenty of upside down the track, plus enjoy the flexibility of reselling them individually whenever it suits your needs.
Union Road trams, bars and eateries around the corner, it's also close to local parks, State and Catholic primary schools, leisure centre and Showground Village Shopping Centre, as well as easy access to Flemington Racecourse, riverside trails and Ascot Vale Station (four stops to the CBD).
Smack-bang in the heart of Ascot Vale, this block of 8 apartments (all separately-titled to be sold as one) presents an outstanding investment opportunity with rewarding returns and exceptional value-adding potential.
Key attributes of the property include a land size of 891sqm (approx) complete with general residential zoning (R1Z). Each apartment is generously proportioned with two large bedrooms, central bathroom, separate kitchen/meals and sizeable living area, plus its own balcony and undercover parking space. Apartment 8 (pictured) is the most updated of all, while the other 7 provide terrific scope to improve. Rental potential combined is in the vicinity of $180K per annum with plenty of upside down the track, plus enjoy the flexibility of reselling them individually whenever it suits your needs.
Union Road trams, bars and eateries around the corner, it's also close to local parks, State and Catholic primary schools, leisure centre and Showground Village Shopping Centre, as well as easy access to Flemington Racecourse, riverside trails and Ascot Vale Station (four stops to the CBD).
Inspections
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Contact John Morello to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Other Commercial
Block Size:
891 m²*
Other Details
Maps and area information
Block information
Block size: 891m² (approx)
No block information available
Measurements are estimates only and based on data provided under licence from
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
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Ascot Vale suburb information
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SummaryMedian sales
Average Age
38 years
Population
15,197
Listing ID: 182105045. This listing has been viewed 0 times. It was first displayed on 21/11/2023 and last updated on 21/11/2023.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.