1390 North Road, CLAYTON VIC 3168

Situated in the highly sought-after suburb of Clayton, 1390 North Road offers exceptional development potential on an expansive 880 sqm (approx.) of land within currently four renovated units on this land over a very high income. Currently rental income around $104,000 per year! There are four renovated units on the block, which they are all 2 bed, 1 bath 1 car. Offer a very high and stable rental income every year. This prime property is just a short walk from the prestigious Monash University, one of Australia's leading educational institutions, making it an ideal investment for student accommodation or high-density residential development. Its proximity to the Monash Medical Centre ensures convenience for healthcare professionals, patients, and visitors, further enhancing its appeal. The bustling Clayton Shopping Centre, with its array of retail outlets, cafes, and restaurants, is within easy reach, providing residents with all the amenities they need for daily living. Additionally, Clayton Train Station and several bus routes around make commuting to the city and surrounding areas a breeze. The vibrant local community, coupled with the area's continuous growth and development, underscores the significant potential of this site. Its strategic location, combined with the robust demand for quality housing in Clayton, ensures a promising return on investment for developers. Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist