Caulfield North
VIC
3161
Prime Investment Opportunity in Caulfield North
For Sale $4,125,000
16
8
8Welcome to 275 Balaclava Road, Caulfield North, a stellar opportunity for developers and investors to capitalise on a unique and highly sought-after property. This exceptional site, currently generating an impressive rental income and has recently experienced significant growth in rental yield, reflecting the area's increasing demand and value. Spanning approximately 786sqm of land with dual street frontages, the property comprises 8 x 2-bedroom apartments, each featuring spacious layouts and the convenience of off-street parking.
Nestled in a vibrant locale, this prime position offers superb connectivity to public transport, lush parks, prestigious schools, train stations, and a plethora of popular restaurants and cafes. Just a stone's throw from Caulfield Train Station and the renowned Monash Campus, the property presents vast potential for redevelopment (STCA). With options to increase building height and explore underground construction, astute investors have a golden opportunity to leverage the tightening rental market, thereby boosting returns and adding substantial value.
The site falls under the zoning categories of General Residential Zone (GRZ) and General Residential Zone 2 (GRZ2), further enhanced by a Parking Overlay (PO) and Student Housing Parking Overlays (PO2-3).
Caulfield North is a hub of attraction for those seeking an outstanding suburban lifestyle and unparalleled investment opportunities. Located opposite the expansive 60-plus-acre Caulfield Park, residents enjoy easy access to vast outdoor spaces for recreation and relaxation. The suburb is also home to a fine selection of local schools, shops, and convenient public transport options.
Seize this once-in-a-lifetime investment chance in Caulfield North. Reach out to Jonathon Bird today to schedule an inspection and embark on your journey to lucrative property ownership in this prime location. An Information Memorandum is available for your detailed review. Act now to unlock the immense potential at 275 Balaclava Road, Caulfield North's premier investment opportunity, boasting a remarkable and growing rental return.
