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About this property
Secure a significant addition to your property portfolio with this rare opportunity to acquire an entire residential block in a highly sought-after area. Occupying approximately 1,053 square meters on a spacious corner lot at the intersection of High Street and Summit Avenue, this property offers excellent visibility and unmatched convenience. We are offering a complete package. The site includes Unit 1 (a 2-bedroom unit) and Units 2, 3, and 4 (each a 1-bedroom unit), providing you with four distinct income streams under one title. There are three fixed leases in place and one periodical lease, with an approximate annual income of $73,000, making this an attractive investment with stable returns. Each residence features a well-considered, spacious layout designed for comfortable living. With practical amenities, individual carports, and distinct outdoor areas, these units offer short-term income while you plan your long-term options. Further lease details are available upon request. Whether you plan to hold the properties to collect reliable rental returns or explore future development possibilities, this block represents a sound, high-yield strategy. Consolidating multiple units in such a prime location gives you a distinct advantage in the local property market. Take the next step towards securing this long-term development and investment opportunity by contacting us today.
Property Details
- Property Type
- land
- Listing Type
- Sold
- Bedrooms
- 5
- Bathrooms
- 4
- Parking
- 4
- Land Area
- 1053 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Belmont
This 5-bedroom land in Belmont, VIC 3216 sits within reach of public transport, local shops and nearby schools.
Schools near Belmont
- Barwon Valley Schoolcombined · U · CoEd
- Christian College Geelong - Junior School – Belmontcombined
- Geelong English Language Schoolcombined · Prep-10 · CoEd
- Belmont Primary Schoolprimary · Prep-6 · CoEd
- Clairvaux Catholic Schoolprimary · Prep-6 · CoEd
- Oberon Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Davis Street/Princes Highway (bus) — 24 m away
- Belmont Bubbles Coin Laundrette — 279 m away
- Kidman Reserve — 426 m away
- Unnamed — 667 m away
- Stork Reserve — 806 m away
Belmont at a glance
Full suburb profile- Population
- 15,066
- Median age
- 37
- Household income
- $1,517/wk
- Median rent
- $350/wk
- Median mortgage
- $1,703/mo
Source: ABS Census.
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