A Block of 18 Offering True Value-add or Redevelopment Potential

Gross Waddell ICR is pleased to offer for sale 1218 Dandenong Road, Murrumbeena. This property presents an incredible opportunity to purchase an entire block of apartments in a coveted location, comprising 18 apartments with high rental potential or future repositioning/redevelopment opportunity (STCA).

• 18 one-bedroom apartments, with a combination of renovated and unrenovated apartments

• Potential fully leased income of $388,440* per annum

• Scope for further refurbishment, strata sell-down, or to explore development options (STCA)

• The property offers secure off-street parking for each apartment and communal laundry facilities

• Expansive 1,352 sqm* landholding within a favourable General Residential Zone (GRZ1)

• Underlying land value offers future development potential (STCA), supported by significant surrounding height precedents

• Supremely positioned for convenience and lifestyle, within walking distance to Murrumbeena and Malvern East train stations, and the Carnegie and Murrumbeena retail precincts

• Merely 800 m* from Chadstone Shopping Centre, offering an unparalleled shopping experience just moments away

• Murrumbeena boasts a strong median rental of $725 per week (source: REIV)

The property is for sale via an Expressions of Interest campaign closing at 3:00 pm on Thursday 3rd July 2025. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*Approx.